Washington is Swimming in Red

Red ink, that is.

BALTIMORE — The Congressional Budget Office says the federal government is on track for a $2.3 trillion deficit this year, down roughly $900 billion from last year when the coronavirus pandemic led Congress to provide historic amounts of financial aid.

Stronger economic growth has helped to reduce the anticipated shortfall for this year. Still, the deficit could soon be revised upward if President Joe Biden’s $1.9 trillion coronavirus relief package becomes law. The additional aid — coming after roughly $4 trillion was approved last year — would add more red ink once enacted, but isn’t included in Thursday’s CBO projections.

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2103, 11 February 2021

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Politics

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4 Comments

Kevin Scheunemann on February 11, 2021 at 9:57 pm

Awful. Just awful.
Le Roi du Nord on February 12, 2021 at 4:23 pm

Here is the guy you want to complain to:

https://www.propublica.org/article/national-debt-trump
MaxwellsEQs on February 13, 2021 at 5:47 am

It is important that we all call out legislatures and tell them that they need to pay for this with a tax on the rich. The taxes on the little guys are too much already!
Mar on February 13, 2021 at 8:23 am

The sociopath still has President Trump on the brain.
President Trump is like an amoeba in the sociopath’s brain. Just gnawing and destroying what little brain matter he has left.
Soon, the sociopath will be in the nursing home, eating oatmeal 3 times a day and looking forward to enema days.