Economists Slam Trump Administration's Tax Cut Lies After New Data Reveal the Ballooning Deficit

Republicans screamed about the deficit for years — but they never really cared.

Under President Donald Trump, the federal deficit is spiking 17 percent in 2018, according to new government data.

The biggest culprit in the rise? The Republicans' tax cuts, which funneled the large majority of the benefits to wealthy people and corporations.

At $666 billion in 2017, the deficit will now climb to $779 billion in the 2018 fiscal year. Though Republicans consistently decried the rise...

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