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FACT CHECK: Did The National Debt Double Under Obama?

ByGuest Post

Brad Sylvester on February 26, 2019  President Donald Trump claimed Feb. 15 that former President Barack Obama “put on more debt on this country than every president in the history of our country combined.” Verdict: True Public debt more than doubled in the eight years of Obama’s presidency, rising from $6.3 trillion to $14.4 trillion. Gross federal debt –…

Deficit

Report: Deficit Will Be Much Higher Than Initially Projected For 2016

ByGuest Post

by Juliegrace Brufke The federal deficit will be a whopping $56 billion more than initially anticipated, coming in at $590 billion by the end of the 2016 fiscal year. The Congressional Budget Office (CBO) largely attributed the increase from January’s forecast in its Tuesday report to a decline in personal and corporate tax receipts. The increase will make 2016 the…