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Federal deficit estimated at $984B, highest in seven years


<b>Federal deficit estimated at $984B, highest in seven years</b>The federal budget deficit for 2019 is estimated at $984 billion, a hefty 4.7 percent of gross domestic product (GDP) and the highest since 2012, the Congressional Budget Office (CBO) said on Monday.
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Want A Better Economy? History Says Vote Democrat! Facts: Personal disposable income has grown nearly 6 times more under Democratic presidents Gross Domestic Product (GDP) has grown 7 times more under Democratic presidents Corporate profits have grown over 16% more per year under Democratic presidents (they actually declined under Republicans by an average of 4.53%/year) Average annual compound return on the stock market has been 18 times greater under Democratic presidents (If you invested $100k for 40 years of Republican administrations you had $126k at the end, if you invested $100k for 40 years of Democrat administrations you had $3.9M at the end) Republican presidents added 2.5 times more to the national debt than Democratic presidents The two times the economy steered into the ditch (Great Depression and Great Recession) were during Republican, laissez faire administrations

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