I skipped year two, but I picking up at year three shows a decent trend. Still overspending and so far holding pretty consistent with the first year trend and keeping between Bush and Obama levels of spending.
There has been acceleration of the overspending though, and if that bears out over the next five years, then the Trump administration could end up adding more debt than the Obama administration. Sad, bigly sad.
At this point in their respective administrations, Bush, Obama, and Trump averaged $421B, $1,508B, and $1,084B annual deficits.
Here are the charts based on data from the treasury:
And overlaid:
No comments:
Post a Comment