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1) the deficit is surging
2) economic growth is slowing
3) yet economic advisor Kudlow says today that “I think you'll see deficits as a share of GDP keep falling”
2) economic growth is slowing
3) yet economic advisor Kudlow says today that “I think you'll see deficits as a share of GDP keep falling”
This is what dishonesty looks like:
1) deficit surged 28.2% for calendar year 2018 (to $873B)
2) Economic growth for the year is expected to be around 3%
3) yet the White House wants you to believe that the deficit, relative to GDP, is falling
1) deficit surged 28.2% for calendar year 2018 (to $873B)
2) Economic growth for the year is expected to be around 3%
3) yet the White House wants you to believe that the deficit, relative to GDP, is falling
(Cont.)
...and judging by the first three months of FY 2019 (Oct. 1-Dec. 31) the deficit is accelerating:
Oct.-Dec. 2018: $319 billion
Oct.-Dec. 2017: $225 billion
...an increase of 41.7%
yet Kudlow says deficits are falling relative to GDP - and expects you to believe it
...and judging by the first three months of FY 2019 (Oct. 1-Dec. 31) the deficit is accelerating:
Oct.-Dec. 2018: $319 billion
Oct.-Dec. 2017: $225 billion
...an increase of 41.7%
yet Kudlow says deficits are falling relative to GDP - and expects you to believe it
