We’re running close to a trillion dollar deficit with the economy performing better than it has in decades. What do you think the deficit is going to be like when the economy takes a downturn?
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.