Government Is Running Out Of Money Faster Because of Trump Tax Cuts
CBO confirms that giving trillions of dollars to the one percent is making the U.S. Treasury go broke.
The Trump tax cut for the rich is causing the United States government to run out of money faster than expected, the Congressional Budget Office confirmed.
According to the CBO the borrowing limit will most likely need to be raised in early March almost a month sooner than it originally expected.
The CBO had estimated the government would hit its borrowing limit in early April.
Democratic leader Nancy Pelosi said, “With full control of the House, Senate and White House, Republicans have revealed their contempt for fiscal responsibility and their utter incompetence in governing.”
The tax cut plan, which almost exclusively benefits the rich, is accelerating the rate at which the U.S. government is reaching its borrowing limit.
[image via Creative Commons]
