Saturday, October 21, 2017

Reduce Your Income If Spending More Then You Make

The New York Post
US Budget Deficit Hits $666B
The US budget deficit grew to $666 billion in the 2017 fiscal year that ended on Sept. 30, according to data released Friday, after lawmakers took a step toward enacting $1.5 trillion in tax cuts.

The deficit increased by 13.6 percent, or $80 billion, over the prior fiscal year.

“Growth in spending outpaced growth in tax receipts for the second year in a row as a result of historically subpar economic growth,” the Treasury Department said in releasing the figures.

Three ways this could go.
(1) Federal government ignores our 20T debt and hopes the U.S. Dollar holds value.
(2) The old switcheroo: So-called tax cuts end up not being cuts after all.
(3) The shit rolls down hill theory: Cut funds to states, local governments and social needs programs.

Hell maybe all three...Why not!

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