"U.S. government posts $147 billion deficit in May"

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"The U.S. government had a $147 billion budget deficit in May, an increase of 66 percent from the same month last year as the ledger took a hit from declining revenue and higher spending, according to Treasury Department data released on Tuesday."

"Economists caution that the Trump administration’s corporate and individual tax cuts along with an increase in government spending will drive up the country’s deficit despite a robust economy in which the unemployment rate has fallen to an 18-year low."

https://www.reuters.com/article/us-...dea&utm_medium=trueAnthem&utm_source=facebook

And before some predictable conservative can chime in with the usual Obama "whataboutism," Obama had the deficit down to $438 billion in 2015, while Trump's first year it climbed to $665 billion and is expected to grow to $986 billion by 2020. And Obama was left with two unpaid wars, an unaccounted prescription drug plan, and a Recession of historical proportions, Trump, an economy trending upward

https://www.usgovernmentspending.com/spending_chart_2010_2021USb_19s2li011mcn_G0f

So now we got Trump running up deficits in an era of economic advancement, spending like a drunken sailor, and conservatives used to tell us they were so concerned about deficits and debt.

Guess conservative principles depend on who is occupying the White House
 
archives said:
"The U.S. government had a $147 billion budget deficit in May, an increase of 66 percent from the same month last year as the ledger took a hit from declining revenue and higher spending, according to Treasury Department data released on Tuesday."

"Economists caution that the Trump administration’s corporate and individual tax cuts along with an increase in government spending will drive up the country’s deficit despite a robust economy in which the unemployment rate has fallen to an 18-year low."

https://www.reuters.com/article/us-...dea&utm_medium=trueAnthem&utm_source=facebook

And before some predictable conservative can chime in with the usual Obama "whataboutism," Obama had the deficit down to $438 billion in 2015, while Trump's first year it climbed to $665 billion and is expected to grow to $986 billion by 2020. And Obama was left with two unpaid wars, an unaccounted prescription drug plan, and a Recession of historical proportions, Trump, an economy trending upward

https://www.usgovernmentspending.com/spending_chart_2010_2021USb_19s2li011mcn_G0f

So now we got Trump running up deficits in an era of economic advancement, spending like a drunken sailor, and conservatives used to tell us they were so concerned about deficits and debt.

Guess principles depend on who is occupying the White House
Click to expand...

A slight change to your post and I wholeheartedly agree.
 
"The U.S. government had a $147 billion budget deficit in May, an increase of 66 percent from the same month last year as the ledger took a hit from declining revenue and higher spending, according to Treasury Department data released on Tuesday."
Click to expand...


How does one preside over an increasing deficit in the middle of a booming economy? That seems to be an accomplishment only Republicans are capable of.
 
archives said:
"The U.S. government had a $147 billion budget deficit in May, an increase of 66 percent from the same month last year as the ledger took a hit from declining revenue and higher spending, according to Treasury Department data released on Tuesday."

"Economists caution that the Trump administration’s corporate and individual tax cuts along with an increase in government spending will drive up the country’s deficit despite a robust economy in which the unemployment rate has fallen to an 18-year low."

https://www.reuters.com/article/us-...dea&utm_medium=trueAnthem&utm_source=facebook

And before some predictable conservative can chime in with the usual Obama "whataboutism," Obama had the deficit down to $438 billion in 2015, while Trump's first year it climbed to $665 billion and is expected to grow to $986 billion by 2020. And Obama was left with two unpaid wars, an unaccounted prescription drug plan, and a Recession of historical proportions, Trump, an economy trending upward

https://www.usgovernmentspending.com/spending_chart_2010_2021USb_19s2li011mcn_G0f

So now we got Trump running up deficits in an era of economic advancement, spending like a drunken sailor, and conservatives used to tell us they were so concerned about deficits and debt.

Guess conservative principles depend on who is occupying the White House
Click to expand...
But, but, but...GDP was almost 4% for Q2!


Wait until the tariffs kick in.
 
archives said:
"Economists caution that the Trump administration’s corporate and individual tax cuts along with an increase in government spending will drive up the country’s deficit despite a robust economy in which the unemployment rate has fallen to an 18-year low."
Click to expand...

This is pure, unadulterated, BULLSHIT. Revenues have increased dramatically since the tax cuts. The deficit is purely a spending problem. Why must libs lie to forward their agenda? Does it not walk on it's own four legs?
 
countryboy said:
This is pure, unadulterated, BULLSHIT. Revenues have increased dramatically since the tax cuts. The deficit is purely a spending problem. Why must libs lie to forward their agenda? Does it not walk on it's own four legs?
Click to expand...
Show your proof revenues have increased, thanks.
 
countryboy said:
This is pure, unadulterated, BULLSHIT. Revenues have increased dramatically since the tax cuts. The deficit is purely a spending problem. Why must libs lie to forward their agenda? Does it not walk on it's own four legs?
Click to expand...

The OP/article states in the first sentence that revenues are down from the same month last year. Here is another source...

https://www.wsj.com/articles/u-s-fe...-first-eight-months-of-fiscal-2018-1528826767

The deficit, or the difference between the amount of money the federal government spent and what it took in, totaled $532.24 billion in October through May, the Treasury Department said Tuesday. That was 23% more than the deficit of $432.85 billion during the same period a year earlier.


Tuesday’s report showed the federal budget deficit was $146.80 billion in May, 66% wider than the same month a year earlier. Government revenue fell 10% last month compared with a year earlier, while spending grew 11%.
 
archives said:
"The U.S. government had a $147 billion budget deficit in May, an increase of 66 percent from the same month last year as the ledger took a hit from declining revenue and higher spending, according to Treasury Department data released on Tuesday."

"Economists caution that the Trump administration’s corporate and individual tax cuts along with an increase in government spending will drive up the country’s deficit despite a robust economy in which the unemployment rate has fallen to an 18-year low."

https://www.reuters.com/article/us-...dea&utm_medium=trueAnthem&utm_source=facebook

And before some predictable conservative can chime in with the usual Obama "whataboutism," Obama had the deficit down to $438 billion in 2015, while Trump's first year it climbed to $665 billion and is expected to grow to $986 billion by 2020. And Obama was left with two unpaid wars, an unaccounted prescription drug plan, and a Recession of historical proportions, Trump, an economy trending upward

https://www.usgovernmentspending.com/spending_chart_2010_2021USb_19s2li011mcn_G0f

So now we got Trump running up deficits in an era of economic advancement, spending like a drunken sailor, and conservatives used to tell us they were so concerned about deficits and debt.

Guess conservative principles depend on who is occupying the White House
Click to expand...

Instead of looking at 1 month lets look at the whole fiscal year for a more honest and complete story.
https://www.fiscal.treasury.gov/fsreports/rpt/mthTreasStmt/mts0518.pdf
 
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