Nov 10, 2017

US Deficit


This is a projection on Wikapedia made before the proposed tax cuts. With the cuts the deficits will be higher.

A responsible Federal Government would be trying to reduce the growth of the deficit during prosperous times. Not our current government - what me worry, give big tax breaks to the rich. Hard to believe that the tea party who campaigned to reduce the Federal debt is signing off on this disaster. 

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The U.S. federal program that pays elderly Americans’ hospital bills will exhaust reserves in 2028, two years sooner than last year’s estimate, trustees of the program said on Wednesday.
In their annual financial review, the trustees also said that the combined Social Security and disability trust fund reserves are estimated to run out in 2034, the same projection as last year.