Thursday, October 22, 2020

Tag: It’s Bipartisan Fiscal Suicide!

It’s Bipartisan Fiscal Suicide!

by Peter Schiff, Schiff Gold:

Trump’s bipartisan spending deal took a step closer to reality last week when the US House passed a budget bill by a 284-149 vote.

The bill increases discretionary spending from $1.32 trillion in the current fiscal year to $1.37 trillion in fiscal 2020 and then raises it again to $1.375 trillion the year after that. The deal will allow for an increase in both domestic and military spending.

In other words, no spending cuts.