5 Feb 2018 12:32 pm
Here's a hint; the deficit isn't the economy, which is booming.Misty » 05 Feb 2018 12:18 pm » wrote:The U.S. government is set to borrow nearly $1 trillion this year, an 84 percent jump from last year.
Treasury mainly attributed the increase to the “fiscal outlook.” The Congressional Budget Office was more blunt.
Must be that Trump boom we keep hearing about.
And Dim, that's a projection, not an actual number. The year hasn't happened yet, and CBO projections are generally a joke.
Given that the Atlanta Fed is projecting 5% growth in the first quarter, actual revenues will come in far higher than the CBO projects.