The U.S. government’s fiscal deficit ballooned to $291 billion in July, a nearly 20% jump from the previous year, triggering sharp criticism from prominent economic and political commentators.
Economist Peter Schiff mocked President Donald Trump‘s assertion of a “booming” economy in light of the soaring deficit, while former Congressman Ron Paul questioned the fundamental point of his election, framing the data as a failure to deliver on promises of smaller government.
