Cenk Uygur
@TheYoungTurks·6.5M subscribers·72.8K videos
Businessman Trump Just Failed America
Posted
October 17, 2018
Views
376,974
Likes
7,503
Comments
2,212
Engagement
2.58%
October 17, 2018
376,974
7,503
2,212
2.58%
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9:18Now PlayingThe federal deficit has hit its highest level in the last six years. Cenk Uygur and Ana Kasparian, hosts of The Young Turks, break it down.
Read more here:
"President Donald Trump likes to boast that he’s breaking records with the latest low unemployment figures. Here’s another record for his administration: The 2018 federal deficit hit the highest level of the last six years.
The deficit jumped 17 percent (or by $113 billion) to $779 billion at the end of Trump’s first fiscal year, according to final figures released Monday by the Treasury Department. That’s mostly due to the massive corporate tax cut that slashed rates from 35 percent to 21 percent, choking revenue for spending, which climbed 3 percent. Much of that was a hike in defense spending and money to pay interest on the climbing federal debt, CNN reported.
The U.S. government’s $523 billion in interest payments to service its debt in 2018 — the highest ever — was more than the entire economic output of Belgium this year, Bloomberg reported."
Hosts: Cenk Uygur, Ana Kasparian
Cast: Cenk Uygur, Ana Kasparian
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Young Turk (n), 1. Young progressive or insurgent member of an institution, movement, or political party. 2. A young person who rebels against authority or societal expectations.(American Heritage Dictionary)
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