Treasury mainly attributed the increase to the "fiscal outlook." The Congressional Budget Office was more blunt. In a report this week, the CBO said tax receipts are going to be lower because of the new tax law.
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Trump's Treasury forecasts borrowing over $1 trillion in 2019 and over $1.1 trillion in 2020.
So much for the tax cuts boosting the economy. Can we really afford huge infrastructure and defense spending without taking a huge ax to other programs (e.g., eliminating entire department like Education and Energy and fixing entitlements)?