US budget deficit increased 21% in 10 months since new tax law took effect.

US budget deficit sees 21% increase 10 months into fiscal 2018

Treasury Department data show the US government's budget deficit rose 21% to $684 billion in the first 10 months of fiscal 2018, compared with $566 billion during the same time frame in fiscal 2017. One factor behind the increasing deficit is that government spending has risen while business and individual tax rates have decreased. (Retirement Security Smartbrief). Details are available in The Wall Street Journal, August 10, 2018 by Sharon Nunn.

July budget deficit $77 billion, up 79% from year earlier

So if you are happy with paying lower taxes, think about the long term implications for your children, grandchildren, and social supports for your retirement years. Republicans are likely to try to cut Medicare, Medicaid and Social Security benefits as deficits continue to increase. 

Think about it....