Are worries about the US debt a thing of the past?

In 2015 and 2016, Republicans were demanding that President Barack Obama reduce federal deficits.
After Trump took office, those same Republicans cheerfully supported tax cuts that sent the deficit — and the national debt — soaring.



February 24, 2020 - 10:15 AM

The U.S. Treasury Department building in Washington, D.C. Photo by Chuck Myers/MCT/TNS

Look no further than the national debt for proof that fiscal responsibility is out of fashion.

Federal spending is up more than 10 percent this year, compared to just a year ago.

Julie Doll

The annual deficit is expected to surpass $1 trillion in 2020, and in every year for the next decade, according to the Congressional Budget Office.

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