The government keeps on spending.
New figures showed the deficit rose by 12 percent in the first two months of the 2020 fiscal year. The Congressional Budget Office says Uncle Sam overspent by 342-billion-dollars in just those two months.
The deficit will top $1-Trillion dollars in the fiscal year, a path that the CBO labeled "unsustainable."
Spending was up $49-billion-dollars over last year and the increase is blamed on higher costs for Social Security, Medicare, Medicaid, and defense.
Revenues only increased half as much, rising $12-billion over the same period.
Even though America's total debt tops $22-trillion, deficit spending has not been big a topic so far in the run-up to the 2020 presidential election.
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