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Title: GOP Congress backs $3 trillion in annual deficits
Source: [None]
URL Source: https://x.com/profstonge/status/1926964032814100843
Published: May 27, 2025
Author: Horse
Post Date: 2025-05-27 07:42:52 by Horse
Keywords: None
Views: 6

Peter St Onge, Ph.D. @profstonge

Here come the $3 trillion deficits — courtesy of a GOP Congress.

We were already on track for $22 trillion of deficits in the next 10 years.

This Big Beautiful Budget will take it to nearly $30 trillion.

Watch: https://x.com/i/status/1926964032814100843

Poster Comment:

Higher interest rates and a recession could push the annual deficit to between $4 and $5 trillion. Annual interest on the deficit could go from $1.8 trillion later this year to $3 trillion per year in 2027 or 2028.

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