Deficit surging much faster than expected: Trump admin. says it needs to borrow $329 billion between July and September, up sharply from prior estimates. It gets worse: Another $440 billion needs to be borrowed between Oct. and Dec. Rising interest rates make it even costlier /
One reason the United States will always have a trade deficit is because of all the money it has to borrow from foreigners each year. AMERICA WILL ALWAYS HAVE A TRADE DEFICIT IF IT HAS TO IMPORT MONEY. And the Trump admin. admits the deficit will top $1 trillion in 2019
Speaking of money, Trump attends a fundraiser today, has another 2020 campaign rally (in PA), then heads to his New Jersey golf course (it's only Thursday)
Important to remember that for all the griping about how much the debt grew over the last few years (w/a GOP Congress and Democratic president) it is rising even faster in absolute terms now - and could hit, the Trump admin. says, $33 trillion in nine years (FY 2028)
