Almost all because of increased spending . . . and slow growth

Deficit in FY 2017 soared to $668 billion

By Dan Calabrese —— Bio and Archives--October 11, 2017

American Politics, News | Comments | Back To Full Article

I have often expressed alarm at the size of the national debt, which has now topped $20 trillion, and every year we run a deficit we add to it. You will hear Beltway types insist this isn't a crisis because "we owe it to ourselves" or "it's not that much as a percentage of GDP" or whatever. Bolshevik.

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