Deficit Spike News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Error. that's a tiny, tiny portion of that wall. so the basic dream that trump had is dead. and once the american public realizes that and that he couldn't deliver on his biggest promise, that he was lying about it, that might hurt him politically. >> and that goes to with all due respect to all voter who is make up their own minds. if you're a trump voter and look at the priorities, a deficit spike in tax cut got done. that got done. but this wall while they had republican control, didn't get done. the idea that it's going to happen as pelosi takes charge next week seems fanciful. john and ge...

United states. not only because mexico's not paying for it but because the democrats control the house of representatives and they won't appropriate the money. and even if they gave him $5 billion that's a rounding, that's a tiny tiny portion of that wall. so the basic dream that trump had is dead. and once the american public realizes that and that he couldn't deliver on his biggest promise and that he was lying about it, that might hurt him politically. >> and that goes with all due respect to all voters who make up their own minds, if you're a trump voter and you look at the priorities, you...

Democrats control the house of representatives and they won't appropriate the money. and even if they gave him $5 billion that's a rounding, that's a tiny tiny portion of that wall. so the basic dream that trump had is dead. and once the american public realizes that and that he couldn't deliver on his biggest promise and that he was lying about it, that might hurt him politically. >> and that goes with all due respect to all voters who make up their own minds, if you're a trump voter and you look at the priorities, you know, a deficit spike in tax cut got done. that got done. but this wall wh...

Between what the government takes in and what it spends. today senate majority leader mitch mcconnell tried to claim that this steep increase is due to the social safety net. >> it's very disturbing and it's driven by the three big entitlement programs that are very popular. medicare, social security and medicaid. >> but the data points elsewhere. one of the biggest contributing factors to this deficit spike, the gop tax cuts. according to treasury data, tax revenues from corporate returns dropped 31% in the fiscal year 2018, compared to the same period last year, which would be strange bec...

Billion in fiscal year 2018. trump's first full year as president, first fiscal year as president. that's a 17% increase from 2017. it's the highest the deficit has been in six years. the deficit now stands at $779 billion, and the deficit, of course, is the difference between what the government takes in and what it spends. today senate majority leader mitch mcconnell tried to claim that this steep increase is due to the social safety net. >> it's very disturbing and it's driven by the three big entitlement programs that are very popular. medicare, social security and medicaid. >> but the dat...