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Federal deficits are rising. Here’s the whole story

Bloomberg

( CNN) There are two things that are able expand fiscal deficits: Decreased tax revenues and increased expend. Right now, we have both.

But Republican, who have historically decried fiscal irresponsibility, merely want to talk about expend.

“It’s extremely agitating, ” said Senate Majority Leader Mitch McConnell on Bloomberg TV on Tuesday, on the newly releaseddeficit amounts. “And it’s driven by the three big entitlement programs that are very popular, Medicare, Social security systems, and Medicaid.”

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