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Why Trillion-Dollar Deficits Could Be the New Normal

Trillion-dollar deficits are coming back to Washington, and this time they could be here to stay. In 2009, deficits swelled after the economy contracted sharply. Unemployment soared, revenues plunged ... read more

Why trillion-dollar budget deficits may be on a fast track to $2 trillion

But the outlook could be even worse than we thought. The nonpartisan Congressional Budget Office now projects that annual US budget deficits will cross the trillion-dollar mark in 2020 ... Trillion do... read more

Why $1 Trillion Deficits Will Soon Be the New Normal

“And unlike the four consecutive $1 trillion deficits recorded during the first years of the Obama administration, these trillion-dollar annual deficits ... budget deficits are the new normal.” And th... read more

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The deficit report card is in. Trillion dollars is now the new normal

The CBO now projects trillion-dollar deficits will start in 2020 ... Related: Interest payments on US debt could top $1 trillion The Trump administration, meanwhile, has contended that the new tax law ... read more


The deficit report card is in. Trillion dollars is now the new normal

Trillion-dollar deficits ... new revenue to pay for the tax cuts, but raise an additional $300 billion over a decade. The CBO report shows that the tax cuts and spending increases will gin up GDP, esp... read more



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