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US deficit is projected to roughly double
this year: watchdog

Original Article

Posted By: Beardo, 9/5/2023 1:25:50 AM

The U.S. deficit is projected to roughly double this year, largely due to higher interest rates and lower tax revenue. The Committee for a Responsible Federal Budget, an organization that pushes for lowering the deficit, is projecting the federal deficit will double this year to total about $2 trillion for the fiscal year that ends Sept. 30. Marc Goldwein, senior policy director at the organization, told The Hill that high interest rates, lower tax revenues and high inflation resulting in higher Social Security and Medicare costs have all contributed to the rising deficit.

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Reply 1 - Posted by: jalo1951 9/5/2023 1:54:59 AM (No. 1549526)
But FJB and his swiss cheese demented brain will come out and tell us that "all is well, bidenomics is working". And his msm minions will chime right in and repeat that Americans are basically just to ignorant to understand the genius of this clown car administration. Poor FJB is not being appreciated by the great unwashed. We are in such trouble.
6 people like this.

Reply 2 - Posted by: Birddog 9/5/2023 1:58:39 AM (No. 1549527)
Geee...THAT doesn't match up with Biden's constant bragging about how WUNNNERFULLL!!! everything is supposed to be. "Bidenomics"
3 people like this.

Reply 3 - Posted by: Strike3 9/5/2023 3:31:36 AM (No. 1549529)
This is serious mismanagement. How long before the bottom falls out?
5 people like this.

Reply 4 - Posted by: EJKrausJr 9/5/2023 3:50:18 AM (No. 1549534)
Bidenomics working like a charm, right, Joey Baby?
3 people like this.

Reply 5 - Posted by: privateer 9/5/2023 6:45:01 AM (No. 1549573)
With Bidenomics, we are heading for a financial meltdown. And the Vegetable will ride it down...like Slim Pickens on the hydrogen bomb in 'Dr. Strangelove'.
4 people like this.

Reply 6 - Posted by: LanceLink1 9/5/2023 6:54:08 AM (No. 1549576)
Bidenomics! Yay! Who hoo! Try doubling the number of credit cards in your wallet and maxing them out. Then tell your SO and family everything is great!
3 people like this.

Reply 7 - Posted by: Mcscow sailor 9/5/2023 7:19:56 AM (No. 1549583)
Higher interest rates? Lower revenue? That is Bidenomics at work…it was fully predictable and avoidable. Than you Joe
3 people like this.

Reply 8 - Posted by: downnout 9/5/2023 7:50:31 AM (No. 1549599)
But Biteme keeps telling us that the economy is great and he’s created 13 million jobs! So why are tax revenues DOWN? Because he lies…ALL the time.
1 person likes this.

Reply 9 - Posted by: czechlist 9/5/2023 8:18:26 AM (No. 1549640)
bidenomics is working as planned by the marxists
1 person likes this.

Reply 10 - Posted by: LC Chihuahua 9/5/2023 9:14:43 AM (No. 1549673)
Just looked at the debt clock. US debt (federal) at 32.8 trillion. Total US debt (federal, state, local, personal, corporate, bank, etc.) at 102.6 trillion. As for the 'success' of Bidenomics, when these clowns claim success, they have to be pinned down and made to explain how they define success. It is not how you or I would define success. Mentioned the debt to a hardcore lefty that I know, and they did not believe it was a problem since it could be kicked down the road. At some point they will wake up when they feel the pinch. They can't ignore it forever. He is very aware of what is going on but has chosen sides. At some point he will realize there are no sides other than Washington and the rest of us.
0 people like this.

Reply 11 - Posted by: Venturer 9/5/2023 9:32:52 AM (No. 1549689)
Bidenomics. Aint it great?
0 people like this.

Reply 12 - Posted by: Starboard_side 9/5/2023 12:12:57 PM (No. 1549842)
The only reason the economy re-started again is the Republicans took control of the House, thus, removing the Progressive Democrat control over operating as they desired. So, this "i created 13 million jobs" is simply letting people back to work nothing created due to policy. But, will the GOP run ads mentioning this in the upcoming election cycle?
0 people like this.

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