Even since writing that paragraph and taking the time to make a cup of tea, an additional $7M has already been added to the US Federal Budget Deficit that is pictured above, which shows just how quickly it is increasing.
Given the Republican Party's stern opposition to any federal spending because we "have to cut the deficit and pay down the debt", which is exactly what any sane governmental official should look to do during their time in office, but also provide an increase in the quality of life for each and every American citizen. The Republican Party are however extremely hypocritical when it comes to government spending and reducing the deficit.
Pictured above you can see how many of the past six presidents have affected the deficit during their respective times in office and you may be able to see a rather noticeable pattern. Simply put, Republicans are worse than Democrats at managing the US economy. As Obama left office, he managed to reduce the federal deficit to around $550B-$590B, a stark contrast to the amount the deficit balloons to as Republicans take control of the White House.
In steps current president Donald Trump, the self-described establishment wrecking ball - which he isn't in the slightest - we could potentially see the deficit rise to over a trillion dollars should Donald Trump manage to get re-elected in 2020.
Using the US National Debt Clock and it's '2022 Budget Showdown' feature, we are able to see how various groups estimate the federal debt and deficit will look four years from now. Laughably, the GOP House Budget Committee believe that the federal deficit will sit at just over $700B and slowly decreasing, while everyone else disagrees. Even using the Congressional Budget Office's estimates, the deficit will have increased to $1.2 TRILLION and increasing roughly $20,000 every five seconds, which will have extremely damaging knock-on effects for the US economy.
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