Thread by @sahilkapur

NEWS: U.S. budget deficit spikes to $984 billion — a 26% increase over last year, Treasury Department says.

That’s the highest deficit since 2012 (via @katiadmi).

@katiadmi The tax cut didn't pay for itself. (There were zero credible studies that said it would, as I and other reporters noted at the time, but that still became the party line.)

@katiadmi It wasn't just the hard-right that said the tax cut would pay for itself. Here's @SenatorCollins in 12/2017 insisting to @ChuckTodd it would, despite all evidence to the contrary.

nbcnews.com/meet-the-press…