As if this month’s warning that the federal budget deficit was pushing $2 trillion wasn’t bad enough, a new analysis out today shows it growing to $3 trillion in 10 years.
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Deficit Headed To $3 Trillion, To Consume 75% Of All Tax Revenue
FILE - President Joe Biden delivers remarks on the economy, Wednesday, June 28, 2023, at the Old Post Office in Chicago. Biden has long struggled to neatly summarize his sprawling economic vision. On Wednesday, the president gave a speech on “Bidenomics” in the hopes that the term will lodge in voters’ brains ahead of the 2024 elections. But what is Bidenomics? Let’s just say the White House definition is different from the Republican one — evidence that catchphrases can be double-edged. (AP Photo/Evan Vucci, File)
