After 8 years of Obama adding almost $8 trillion to the US deficit, nearly doubling the first 43 presidents combined, CBS news suddenly gives a shit if the deficit raises just one month under Trump. However, after completely ignoring several months of deficit reductions due to trade deals being canceled, new trade deals being added, and numerous other alterations carried out by the Trump administration that have led to record deficit reductions, CBS now wants to highlight small increases.
Here is the text they added to go with this video.
The federal government began its new budget year with an October deficit of $63.2 billion, up sharply from a year ago.
The Treasury Department reported Monday that the October deficit was 37.9 percent higher than the $45.8 billion deficit recorded in October 2016.
Both government receipts and spending were up for the month, with receipts climbing 14.3 percent to $235.3 billion, a record for the month of October. The larger spending figure was up a sizable 11.6 percent to $298.6 billion.
The deficit for the 2017 budget year, which ended on Sept. 30, totaled $666 billion, up 13.7 percent from a 2016 deficit of $586 billion.