During FY 2019, for example, these discretionary plunges into deficit finance include slashing revenue by $280 billion, while pumping up an already bloated baseline spending level of $4.375 trillion by another $200 billion for defense, disasters, border control, ObamaCare bailouts and domestic pork barrel of every shape and form.
These 11th hour fiscal maneuvers, in fact, are so asinine that the numbers have to be literally seen to be believed. To wit, an already weak-growth crippled revenue baseline will be cut to just $3.4 trillion, while the GOP spenders goose outlays toward the $4.6 trillion mark.
http://davidstockmanscontracorner.com/the-greatest-bubble-ever-why-you-better-believe-it-part-2/
And that is without factoring in the next recession, which will make the deficit soar even more. And a possible war with North Korea. And whatever "storm" Trump keeps hinting about. As 2017 comes to a close, everything seems pretty rosy. But things are going to get real interesting soon.
Happy New Year!
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