The 88 page report projects the Federal government receipts and expenditures to calculate the yearly Federal deficits and total debt, and it forecasts various economic metrics such as the economies growth rate and employment numbers. As the economy recovered the deficits shrank to a low of $442 billion in 2015 and was $585 billion his last year in office. This would be a 74% increase in just four years and going forward the Federal deficit could escalate to $1.7 trillion in 2030. (Photo by Mark Wilson/Getty Images) Getty ImagesWhen you compare the last three years of Obama’s Presidency vs. Trump’s first three years, Trump’s deficits will be almost $1 trillion greater at $2.47 trillion to $1.51 trillion for Obama. In fiscal 2020 interest payments on the Federal debt are estimated to be $382 billion and are expected to grow to $819 billion in 2030.

Source: Forbes February 01, 2020 13:18 UTC