Quote of the Day: The Federal Budget Deficit Is Projected to Surpass $1 Trillion Next Year – The New York Times

The deficit is expected to top $1 trillion in 2020 as a slowing global economy and festering trade tensions weigh on economic growth in the United States.

The deficit is expected to top $1 trillion in 2020 as a slowing global economy and festering trade tensions weigh on economic growth in the United States.Credit…Justin T. Gellerson for The New York Times

“The current levels of debt are unprecedented in peacetime during a growing economy, and the consequences of this irresponsible spending are unknown.”

~G. WILLIAM HOAGLAND, senior vice president at the Bipartisan Policy Center.

Source: Quotation of the Day: The Federal Budget Deficit Is Projected to Surpass $1 Trillion Next Year – The New York Times

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