Trump set to preside over record spending, deficits as coronavirus costs explode


(From Fox News)

President Trump, with the support of Congress, is poised to preside over an unprecedented explosion of government spending that already is set to shatter deficit records and could grow further if plans for more coronavirus relief bills — nearing a potential total price tag of $5 trillion — become reality.

Even accounting for inflation, no modern administration has seen such levels of spending, covering everything from FDR’s New Deal to recession-era rescues in the early part of the Obama administration.


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