I Prayed have prayed
Lord, your Word says no one can serve two masters. Either you will hate the one and love the other, or you will be devoted to the one and despise the other. You cannot serve both God and money (Matthew 6:24). Give us the desire to become debt free and content with what we already have.
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The U.S. budget deficit through the first three months of this budget year is up 11.8% from the same period a year ago, putting the country on track to record its first $1 trillion deficit in eight years.

In its monthly budget report, the Treasury Department said Monday that the deficit from October through December totaled $356.6 billion, up from $318.9 billion for the same period last year.

Both government spending and revenues set records for the first three months of this budget year but spending rose at a faster clip than tax collections, pushing the deficit total up.

The Congressional Budget Office is projecting that the deficit for the current 2020 budget year will hit $1 trillion and will remain over $1 trillion for the next decade. The country has not experienced $1 trillion annual deficits since the period from 2009 through 2012 following the 2008 financial crisis.

The actual deficit for the 2019 budget year, which ended Sept. 30, was $984.4 billion, up 26% from the 2018 imbalance, reflecting the impact of the $1.5 trillion tax cut President Donald Trump pushed through Congress in 2017 and increased spending for military and domestic programs that Trump accepted as part of a budget deal with Democrats.

The projections of trillion-dollar deficits are in contrast to Trump’s campaign promise in 2016 that even with his proposed tax cuts, he would be able to eliminate future deficits with cuts in spending and growth in revenues that would result from a stronger economy.

For the first three months of the 2020 budget year, revenues have totaled $806.5 billion, up 4.8% from the same three months a year ago, while government spending has totaled $948.9 billion, an increase of 6.3% from a year ago.

Both the spending amounts and revenue amounts are records for the first three months of a budget year. The deficit in December totaled $13.3 billion, slightly lower than the $13.5 billion deficit in December 2018.

(Excerpt from AP News. Article by Martin Crutsinger.)

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Elaine Danan
January 18, 2020

I find it glaring the omission of the costs of impeachment and over 100,000 sealed indictments and all the DOJ investigations. Anyone else notice that? Yes, draining the swamp is expensive, but I don’t believe we can afford not to do it. Pres. Trump is doing a great job reining in the costs, both dollars and lives, by not engaging in the wars that the media and Deep State are demanding. He also has cut the foreign aid by demanding the other nations to pay their share. And he put the spotlight on laundering taxpayer money through Planned Parenthood into the pockets of the DNC!
So, lets run those numbers again.

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Missy
January 18, 2020

Let America begin to reap financially all that it has sown to many countries around the world. We have been a nation of giving so now let us reap the benefits and have more revenue than spending. And may honesty and integrity be the guide for our leadership as they plan for 2020’s budget and spending.

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Betsy
January 17, 2020

Lord, please reverse the trends Obama began with the Bidens and the Pelosis to pad their own pockets and make their friends rich while the middle class of this nation paid for their expensive vacations and private planes. God, thank You for a President who gives his income back into the treasury to help build this country up. Bless Trump for trying to undo the financial messes of the last president.

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Rochelle
January 16, 2020

Father God,
I ask for Your intervention in our nation’s finances. Please give our government leaders wisdom, understanding, and self control to do what is necessary to get rid of our national debt.
What seems impossible to us is not impossible to You. Thank You for having mercy and also correcting us in Jesus name. Amen.

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Ken Budz
January 16, 2020

Dear Lord God Almighty thank You for this beautiful country. Lord please help us with our leaders. We have grown ups leading us but they don’t act like mature adults. Help them to act responsibly with the blessings that You have given them. I ask this in the mighty name of Jesus Christ. Amen.

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