Congressional Budget Office: DEFICIT Expected to be Larger than any Year Since WWII

Are you tired of all this "Winning" yet?  Well, it seems that the Trump Administration and the Republican party who all claim to be "Fiscally conservative" and "hate deficits" are creating the biggest deficit ever in large part due to Republican tax cuts. The Congressional Budge Office (CBO) said the deficit will grow to $804 billion in fiscal 2018 (up from $665 billion in fiscal 2017), which ends on Sept. 30.
   The CBO Report says "That amount would be far greater than the debt in any year since just after World War II." 
   

Credit: CBO.gov

FROM THE CBO REPORT:  https://www.cbo.gov/ 

The Budget and Economic Outlook: 2018 to 2028

If current laws governing taxes and spending generally remained unchanged, the federal budget deficit would grow substantially over the next few years, CBO projects, with accumulating deficits driving debt held by the public to nearly 100 percent of GDP by 2028. That amount would be far greater than the debt in any year since just after World War II.

In CBO’s projections, real GDP growth is relatively strong this year and next, as recent changes in fiscal policy add to existing momentum. Between 2018 and 2028, real GDP expands at an average annual rate of 1.9 percent: Productivity growth returns to nearly its average over the past 25 years and recent changes in fiscal policy boost incentives to work, save, and invest; nonetheless, economic growth is held down by slower growth of the labor force.