May 2, 2017
The Democrats and Dystopian Debt
By Jon N. Hall
Enjoy the next five months while you can, because America will soon be entering a “brave new world” in which our fiscal chickens will be coming home to roost. On Oct. 1, 2017 we begin fiscal 2018, and it’ll mark the 10-year anniversary of former Speaker Nancy Pelosi’s first budget, which saw a deficit of -$458B, the record at the time. A year later, on Oct. 1, 2018, we hit the 10-year anniversary of Madam Pelosi’s first trillion-dollar deficit: -$1.4T. Not one to rest on her laurels, Pelosi went on to produce additional trillion-dollar deficits.
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