Seems like I read it’s down to about $650b per year at this time.
I don’t think the economy has taken off to the full extent yet. In the next few years federal income should rise.
The question is, will Trump be able to keep Congressional spending in line?
I agree with others that Obama would have ballooned out the debt much further than Trump supposedly has by now.
Congress is the spending entity. The president can impact that favorably though.
The FY2018 deficit was $780 billion. The deficit for the first two months of FY2019 was $305 billion. There is little doubt the deficit will break a trillion easy.
I don’t think the economy has taken off to the full extent yet. In the next few years federal income should rise.
The growth of the economy over the past year was the best it's been in may years. Federal income rose over 2017 but spending rose at a higher rate.
The question is, will Trump be able to keep Congressional spending in line?
He hasn't even tried.