Faith writes:
That deficit is mostly built-in entitlements no President can touch.
More simply unsupported assertion Faith. Do you have any evidence to support that nonsense?
It can't be Social Security since it is impossible for it to contribute to the deficit.
quote:
By law, Social Security cannot contribute to the federal deficit, because it is required to pay benefits only from its trust funds. Those, in turn, are funded through a dedicated payroll tax of 12.4 percent of income, split evenly between employees and employers, levied on income (this year) up to $128,400.
The program’s revenue and expenses are accounted for through two federal trust funds that have operated with large and growing surpluses in recent years, and they finished fiscal 2018 with an estimated $2.89 trillion. By law, Social Security must invest these surplus funds only in special-issue U.S. Treasury notes, which have the same full faith and credit guarantee as any other federal bond.
Source
But it can the the tax cuts for the rich and increased spending under il Donald.
quote:
Treasury attributed the increase to the tax cuts contained in the Tax Cuts and Jobs Act (TCJA), higher spending and rising interest payments.
Source
That's the US Treasury analysis, which I believe is part of the Executive Branch of Government.
Note the deficit is far higher than it was just six years ago. Remind me who was President six years ago?