*** Official GOP suddenly cares about the debt/deficits again thread *** [Archive] - Page 2

Blake

12-22-2024, 06:53 PM

Who wouldnt vote for Trumps ACA repeal?,,,,,except dumbfuck democrats,,,,so, I'll side with ya that Romney sided with republicans there,,,,I already told you,,,,it fined people who didnt sign up which was unconstitutional and why they stopped doing it,,,,,it increased premiums,,,and didnt let you keep your doctor like Obama the fraud proclaimed,,,,all those are facts,,,,,but anyway,,,,,lets stay on point here about oligraches,,,,heres another article written today about Musk switching teams from you democrats to republicans,,,,,which again points out the facts that democrats are the party of oligraches and losing power now,,,,

Elon Musk's Journey from Obama to Trump Aligns With Many Americans (https://www.msn.com/en-us/news/politics/elon-musk-s-journey-from-obama-to-trump-aligns-with-many-americans/ar-AA1wgFIc?ocid=msedgntp&pc=LCTS&cvid=05e2b411edb2429aaf66632c84c28270&ei=20)

Remind everyone what Trump's health care plan was if he would have been able to repeal the ACA?

Blake

12-22-2024, 06:57 PM

So we poached a couple which means you had them all along,,,,,,but you failed to mention Bill Gates, Warren Buffet, Michael Bloomberg, Sergey Brin,,,,,you guys had 7 of the top 10 billionaires in the country on your side but we are the party of oligarches?,,,,,cmon, bummer,,,,,

"..... Nearly $600 million was spent in support of the two major presidential candidates, either through their respective fundraising committees or super PACs spending on their behalf (see below). The great bulk of that money backed former president and current Republican nominee Donald Trump, who benefited from over $450 million of billionaire donations–more than three times as much as Vice President Kamala Harris, the Democratic nominee, who was the beneficiary of $143 million of billionaire contributions. That’s a 75%-25% split in Trump’s favor. ..."

https://americansfortaxfairness.org/billionaire-clans-spend-nearly-2-billion-2024-elections/

SnakeBoy

12-22-2024, 09:36 PM

Never said the Democrats weren't, they're clearly another right wing party owned by billionaires. Such is 'liberal democracy.' But it's funny hearing you guys bitch about the deficit and the debt and then you go explode it every single time with bigger tax cuts for the oligarchy. Also love hearing how Obama was a communist for literally implementing Romneycare nationwide. He's a right leaning fuck too, look how he sold out Flint by sipping that lead infused water to try to tell all those people there no it's fine while providing cover for governor Snyder poisoning them. It's one thing to get treated like a ###### by Bush or Clinton but by the black president too? :lol And with a financial team that stretched from Goldman to Sachs.

Are you going to spend the entire Trump term whining about the Dems only to fall in line for whoever they tell you in 2028?

baseline bum

12-22-2024, 10:06 PM

Are you going to spend the entire Trump term whining about the Dems only to fall in line for whoever they tell you in 2028?

Fuck off dumbass

HemisfairArena

12-22-2024, 10:09 PM

baseline bum

12-22-2024, 10:24 PM

See thats where you democrats are fucked up,,,,,,republicans dont need a plan. You democrats broke it,,,,you fix it. Plain and simple. You forced ACA on everyone so why should republicans have to come up with a plan for your huge pile of shit? We were content before you passed it so I say let it go back to the way it was and if dumbfucks like you dont like it,,,,,come up with a better plan. You democrats thought everyone had a RIGHT to healthcare and they dont,,,,,so repeal that shit and let the democrats cry about it and fix it.

Who the fuck was content with our trash healthcare system? Most expensive in the world by far since long before the ACA while having shitty outcomes.

HemisfairArena

12-22-2024, 10:31 PM

Who the fuck was content with our trash healthcare system? Most expensive in the world by far since long before the ACA while having shitty outcomes.

Its still the most expensive in the world, bummer,,,,,just with the way it was,,,we got to pick our doctors and our costs for insurance were cheaper,,,,,,and you ask who was content,,,,the only ones cryin' were you democrats. Again, you thought everyone had a RIGHT to health insurance,,,,,but what about car insurance, home insurance, hurricane insurance,,,,ect?

20 Countries with the Most Expensive Healthcare in the World (https://finance.yahoo.com/news/20-countries-most-expensive-healthcare-103951515.html)

The average American spends more on healthcare as compared to residents in all other countries.

SnakeBoy

12-22-2024, 10:35 PM

Fuck off dumbass

I'll take that as a yes :lol

baseline bum

12-22-2024, 10:37 PM

Its still the most expensive in the world, bummer,,,,,just with the way it was,,,we got to pick our doctors and our costs for insurance were cheaper,,,,,,and you ask who was content,,,,the only ones cryin' were you democrats. Again, you thought everyone had a RIGHT to health insurance,,,,,but what about car insurance, home insurance, hurricane insurance,,,,ect?

20 Countries with the Most Expensive Healthcare in the World (https://finance.yahoo.com/news/20-countries-most-expensive-healthcare-103951515.html)

The average American spends more on healthcare as compared to residents in all other countries.

LOL acting like healthcare shooting up in price started in 2014 or 2009. ROFL thinking you have ever picked your doctors in private health insurance networks. I know you right wingers think there is no right to healthcare, no right to clean water, no right to education, no right to clean air, that only the rich deserve rights.

baseline bum

12-22-2024, 10:37 PM

I'll take that as a yes :lol

LOL a Trumptard calling out anyone for falling in line

HemisfairArena

12-22-2024, 10:49 PM

LOL acting like healthcare shooting up in price started in 2014 or 2009. ROFL thinking you have ever picked your doctors in private health insurance networks. I know you right wingers think there is no right to healthcare, no right to clean water, no right to education, no right to clean air, that only the rich deserve rights.

LMAO,,,,acting like ACA didnt shoot the prices through the roof which caused more insurance companies deny claims which caused a CEO to be shot dead in cold blood which you democrats celebrated but dont realize you caused,,,,,tell me, bummer,,,,how many health insurance CEO's murdered in cold blood because of the pile of shit health care industry before your ACA? And then you go off on a tangent about water,,,,air,,,you forgot we're nazis,,,,white supremists,,,,,we love eating small childrens souls,,,,,and hate Christmas,,,,,,and wanna push Granny off the cliff,,,,blah, bah, blah,,,,,:lmao,,,,have a good one, bummer,,,,

baseline bum

12-22-2024, 10:58 PM

LMAO,,,,acting like ACA didnt shoot the prices through the roof which caused more insurance companies deny claims which caused a CEO to be shot dead in cold blood which you democrats celebrated but dont realize you caused,,,,,tell me, bummer,,,,how many health insurance CEO's murdered in cold blood because of the pile of shit health care industry before your ACA? And then you go off on a tangent about water,,,,air,,,you forgot we're nazis,,,,white supremists,,,,,we love eating small childrens souls,,,,,and hate Christmas,,,,,,and wanna push Granny off the cliff,,,,blah, bah, blah,,,,,:lmao,,,,have a good one, bummer,,,,

I mean you guys literally ran on ending Medicare so the pushing granny off the cliff ad wasn't wrong. That murderer got what he deserved.

SnakeBoy

12-22-2024, 11:54 PM

LOL a Trumptard calling out anyone for falling in line

Yeah cuz the establishment GOP picked Trump

Blake

12-23-2024, 12:38 AM

Remind everyone what Trump's health care plan was if he would have been able to repeal the ACA?

See thats where you democrats are fucked up,,,,,,republicans dont need a plan. You democrats broke it,,,,you fix it. Plain and simple. You forced ACA on everyone so why should republicans have to come up with a plan for your huge pile of shit? We were content before you passed it so I say let it go back to the way it was and if dumbfucks like you dont like it,,,,,come up with a better plan. You democrats thought everyone had a RIGHT to healthcare and they dont,,,,,so repeal that shit and let the democrats cry about it and fix it.

Its still the most expensive in the world, bummer,,,,,just with the way it was,,,we got to pick our doctors and our costs for insurance were cheaper,,,,,,and you ask who was content,,,,the only ones cryin' were you democrats. Again, you thought everyone had a RIGHT to health insurance,,,,,but what about car insurance, home insurance, hurricane insurance,,,,ect?

20 Countries with the Most Expensive Healthcare in the World (https://finance.yahoo.com/news/20-countries-most-expensive-healthcare-103951515.html)

The average American spends more on healthcare as compared to residents in all other countries.

LMAO,,,,acting like ACA didnt shoot the prices through the roof which caused more insurance companies deny claims which caused a CEO to be shot dead in cold blood which you democrats celebrated but dont realize you caused,,,,,tell me, bummer,,,,how many health insurance CEO's murdered in cold blood because of the pile of shit health care industry before your ACA? And then you go off on a tangent about water,,,,air,,,you forgot we're nazis,,,,white supremists,,,,,we love eating small childrens souls,,,,,and hate Christmas,,,,,,and wanna push Granny off the cliff,,,,blah, bah, blah,,,,,:lmao,,,,have a good one, bummer,,,,

Remind everyone again what Trump's health care plan is.

HemisfairArena

12-23-2024, 01:06 AM

Remind everyone again what Trump's health care plan is.

Again,,,,no plan needed, dumbfuck,,,,,you wrecked,,,,you fix it,,,,last time I respond to this because for some reason you dumbfucks like to go in circles,,,,,

baseline bum

12-23-2024, 01:15 AM

Again,,,,no plan needed, dumbfuck,,,,,you wrecked,,,,you fix it,,,,last time I respond to this because for some reason you dumbfucks like to go in circles,,,,,

LOL shit was broken way before ACA and became slightly less broken with ACA

Blake

12-23-2024, 01:22 AM

Again,,,,no plan needed, dumbfuck,,,,,you wrecked,,,,you fix it,,,,last time I respond to this because for some reason you dumbfucks like to go in circles,,,,,

Lol no plan needed.

DMX7

12-23-2024, 01:52 AM

Exactly, Thompson was a fucking murderer who got what he deserved.

Are you saying Thompson deserved to get murdered?

baseline bum

12-23-2024, 02:30 AM

Are you saying Thompson deserved to get murdered?

Sharp as a fucking cue ball

ChumpDumper

12-23-2024, 03:20 AM

Again,,,,no plan needed, dumbfuck,,,,,you wrecked,,,,you fix it,,,,last time I respond to this because for some reason you dumbfucks like to go in circles,,,,,That's not how laws work.

You don't know how laws work.

Winehole23

12-23-2024, 09:12 AM

hard to find a tougher talking deficit hawk than Chip Roy, looks like loyalty to the great man is way more important than fiscal discipline

President Donald Trump invited a primary challenge against U.S. Rep. Chip Roy on Thursday for his opposition to raising the debt ceiling without stringent restrictions on future spending, calling the Austin Republican an “obstructionist.”

“The very unpopular “Congressman” from Texas, Chip Roy, is getting in the way, as usual, of having yet another Great Republican Victory - All for the sake of some cheap publicity for himself. Republican obstructionists have to be done away with,” Trump posted on his social media platform.

“Chip Roy is just another ambitious guy, with no talent,” Trump continued. “I hope some talented challengers are getting ready in the Great State of Texas to go after Chip in the Primary. He won’t have a chance!”
Trump invites Chip Roy primary challenge over debt ceiling | The Texas Tribune (https://www.texastribune.org/2024/12/19/donald-trump-chip-roy-debt-ceiling/)

Thread

12-23-2024, 09:40 AM

Are you saying Thompson deserved to get murdered?

He'd played God and had the tables turned.

Now [his] family knows.

ElNono

12-23-2024, 04:47 PM

C'mon son, you have Musk, you have Zuckerberg, and Bezos just bent the knee too.

I mean, that’s the “new” tech-bros crew. If we go back, you have the Adelsons, Waltons, Andresseen, Koch, etc

Thread

12-23-2024, 09:02 PM

I mean, that’s the “new” tech-bros crew. If we go back, you have the Adelsons, Waltons, Andresseen, Koch, etc

...but, they couldn't, wouldn't and didn't (hang.) Still to be seen and confirmed if this Musk will stand fast in the ranks. Or, if the first time [they] stack indictments and writs on him, or, attempt to blow his head off, or, take his boodle if he doesn't high-tail it and stay high-tailed.

40/60 he stands fast. 60/40 he high tails.

ElNono

12-23-2024, 09:05 PM

...but, they couldn't, wouldn't and didn't (hang.) Still to be seen and confirmed if this Musk will stand fast in the ranks. Or, if the first time [they] stack indictments and writs on him, or, attempt to blow his head off, or, take his boodle if he doesn't high-tail it and stay high-tailed.

40/60 he stands fast. 60/40 he high tails.

Adelson’s wife put more money in this campaign than Musk…

Winehole23

12-31-2024, 10:41 AM

with a Republican in the White House, the pressure will be on to chuck fiscal discipline out the window and abolish the debt ceiling

US Secretary of the Treasury Janet Yellen in a letter sent to congressional leaders on Friday afternoon said her agency would need to start taking “extraordinary measures” or special accounting maneuvers intended to prevent the nation from hitting the debt ceiling as early as Jan. 14.

“Treasury expects to hit the statutory debt ceiling between January 14 and January 23,” Yellen wrote in a letter addressed to US House and Senate leadership, at which point extraordinary measures would be used to prevent the government from breaching the nation’s debt ceiling — which has been suspended until Wednesday.

The department has in the past deployed what are known as “extraordinary measures” or accounting maneuvers to keep the government operating. However, once those measures run out, the government risks defaulting on its debt unless lawmakers and the president agree to lift the limit on the US government’s ability to borrow.
US to hit debt ceiling as soon as Jan. 14 - Taipei Times (https://www.taipeitimes.com/News/biz/archives/2024/12/30/2003829326)

Winehole23

01-02-2025, 04:41 PM

How to pay for the tax cut?

Trump will lay new taxes -- tariffs.

https://cdn.bsky.app/img/feed_thumbnail/plain/did:plc:oqr5mp25r7z3vfr3igeerxbw/bafkreibqnwhhw5jlgnxim4d2ed4b2v4vsaa42b4fe2fz7g5l5 nmnb7as6y@jpeg

SnakeBoy

01-02-2025, 10:17 PM

Winehole23

01-03-2025, 07:06 AM

Snake Boy: debt/deficit dove

SnakeBoy

01-03-2025, 05:48 PM

Snake Boy: debt/deficit dove

It doesn't matter what I am. Nobody cares about the debt/deficit. You included.

Winehole23

01-03-2025, 05:53 PM

It doesn't matter what I am. Nobody cares about the debt/deficit. You included.thanks for stating the obvious and underscoring my long-standing emphasis

y'all used to pretend to care

SnakeBoy

01-03-2025, 07:48 PM

thanks for stating the obvious and underscoring my long-standing emphasis

y'all used to pretend to care

You're pretending to care to show that people who used to care no longer do...cool!

Winehole23

01-04-2025, 09:18 AM

You're pretending to care to show that people who used to care no longer do...cool!You're wrong, I think the death of hypocrisy on the right will be momentous for everyone.

Winehole23

01-04-2025, 09:19 AM

after all, debts and deficits matter, right?

SnakeBoy

01-04-2025, 03:13 PM

after all, debts and deficits matter, right?

Why do you think they matter?

SnakeBoy

01-09-2025, 04:59 PM

1877029454993609043

ChumpDumper

01-09-2025, 05:00 PM

1877029454993609043
In your personal opinion, do you think the new administration will take the deficit seriously?

Winehole23

01-09-2025, 05:06 PM

Why do you think they matter?Because they're very important to y'all when Democrats are in charge, and totally de-emphasized whenever Republicans run the show.

Republicans blowing up the debt/deficit with tax cuts and spending is the established generational pattern.

SnakeBoy

01-09-2025, 05:15 PM

Because they're very important to y'all when Democrats are in charge, and totally de-emphasized whenever Republicans run the show.

Republicans blowing up the debt/deficit with tax cuts and spending is the established generational pattern.

So you don't actually think they're important, you're just crying hypocrisy?

Winehole23

01-09-2025, 05:22 PM

So you don't actually think they're important, you're just crying hypocrisy?sure, large fiscal imbalances can be problematic, don't you think?

ElNono

01-09-2025, 05:29 PM

Nothing wrong with pointing out the obvious hypocrisy.

Winehole23

01-09-2025, 09:20 PM

Nothing wrong with pointing out the obvious hypocrisy.I'm more concerned with the abandonment of hypocrisy, tbh.

Hypocrisy pays virtue the courtesy of pretending to agree and so sets a model for everyone else.

Contempt teases contempt and casual violence.

Winehole23

01-27-2025, 10:34 AM

the Dems don't have the spine for this, tbh

no idea how to wield power, unlike the evil dipshits on the other side of the aisle

https://cdn.bsky.app/img/feed_thumbnail/plain/did:plc:oqr5mp25r7z3vfr3igeerxbw/bafkreiatq6u6gvwf2romk7p5n3guqceqhiv2txlo4aohlxsb4 dbl7asfvu@jpeg

Winehole23

02-05-2025, 01:34 AM

Tax cuts for rich people is the main priority, everything else is negotiable

While GOP leaders had spoken generally at the Doral, Florida, retreat of a budget that outlined $2.5 trillion in savings, another proposal this week appeared to outline only about $300 billion in savings — by repealing Biden-era programs and adding tougher rules to programs like Medicaid — as well as $300 billion in new spending on border security and other national security measures. (Senior Republicans cautioned that precise details of the budget plan remain highly fluid.)

Conservatives did support those proposals, but they wanted more in cuts. GOP leaders offered to go higher, from roughly $300 billion in cuts to $500 billion to as much as $700 billion. But to Norman and others, it still wasn’t enough. And there was another problem: GOP leadership wasn’t proposing how to pay for Trump’s big tax plans.

“No one has put forward how we’re paying for everything,” one person familiar with the discussions told CNN.
https://www.cnn.com/2025/02/04/politics/mike-johnson-budget-plans-republicans/index.html

ElNono

02-05-2025, 02:33 AM

Deficit is not a problem, tbh... we're about to buy Greenland and Gaza... we're rich, bitch

Winehole23

02-22-2025, 11:40 AM

Trump blowing up the deficit again so rich people can get another tax cut

https://cdn.bsky.app/img/feed_thumbnail/plain/did:plc:3qpjxt7lez7zvigx4cwxmrry/bafkreigxtz6gubiglb7k7psopmk74ao6ay5ootqmzasalg7xu q5iuuqf3e@jpeg

Thread

02-22-2025, 11:06 PM

Deficit is not a problem, tbh... we're about to buy Greenland and Gaza... we're rich, bitch

That's nothing more than Trump trollin' his enemies & MSM.

Winehole23

02-28-2025, 10:15 AM

gimmicky and scammy, like the boss

https://cdn.bsky.app/img/feed_fullsize/plain/did:plc:65vkd7kbacss37t7uj75g2qt/bafkreicfssoeuptgdtmzx5wnpzxo2nzbkjdrcuioa7fdzmtrx uqedmyg5i@jpeghttps://www.nbcnews.com/politics/congress/republicans-budget-change-deficit-impact-trump-tax-cuts-rcna194015

Winehole23

02-28-2025, 10:17 AM

https://cdn.bsky.app/img/feed_fullsize/plain/did:plc:z6rujpf4u56jfie7aqic2nfg/bafkreigtehqwuylufjuceracfuwe3o25llvj7ogx3l7o346dh 34hfckpsq@jpeg

Winehole23

03-02-2025, 11:02 AM

Republican smoke and mirrors

They are gonna blow up debt and deficit

A controversial plan by U.S. Senate Republicans to make President Donald Trump's 2017 tax cuts permanent by ignoring the cost to the deficit is raising warnings from party fiscal hawks and independent analysts of a potential "debt spiral" that could undermine economic growth.

Top Senate Republicans, including Majority Leader John Thune, are determined to make permanent tax cuts due to expire at the end of the year, through a parliamentary maneuver that bypasses Democratic opposition. Because rules prohibit bills from expanding the deficit beyond a 10-year window, they intend to ignore a projected revenue loss of more than $4 trillion by claiming that tax policy would remain unaltered.
https://www.msn.com/en-us/news/politics/us-senate-plan-to-make-trump-tax-cuts-permanent-raises-debt-spiral-worry/ar-AA1A5HKQ

Winehole23

03-02-2025, 11:03 AM

underrated, and the novelty here, is Trump offsetting with a tax on US importers

a business tax

Winehole23

03-05-2025, 07:28 AM

We’re Turning Down Free Money by Firing IRS Workers

Increased tax enforcement more than pays for itself. Republicans’ opposition to it is a signal that they don’t truly care about closing the deficithttps://www.bloomberg.com/opinion/articles/2025-02-27/firing-irs-workers-is-turning-down-free-money

Winehole23

03-13-2025, 11:21 AM

you can't balance the budget if you gut revenue collection during tax filing season

maybe that's not what Trumplandia is trying to do -- at all

The Trump administration and Department of Government Efficiency are proposing a dramatic downsizing of the IRS that would result in a nearly 20% reduction of its workforce by May 15 — one month after Tax Day in the United States.

President Donald Trump has ordered agencies across the federal government to turn in their “large scale” layoff plans — known as Reduction in Force, or RIF — by Thursday.

The details of the IRS proposal have been laid out in an email from DOGE and will be discussed at a meeting among agency leadership Thursday morning, according to a source familiar with the matter who asked to remain anonymous for fear of retaliation. The proposal has not been made public.

The latest round of layoffs would terminate nearly 6,800 employees — on top of about 6,700 probationary employees who have already been fired and 4,700 employees who took the “voluntary buyout” known as the “Fork in the Road” program from the Trump administration.[/quote]https://www.cnn.com/2025/03/13/politics/doge-irs-workforce-cuts-downsizing

Winehole23

03-13-2025, 08:16 PM

https://cdn.bsky.app/img/feed_thumbnail/plain/did:plc:oqcgyztvwug4zyujwcp746zo/bafkreieq5sdwc5lq5qn3lw62rv34qwdreoc7g3aajwefbpygt z7jhj3tuu@jpeg

Winehole23

03-16-2025, 11:17 AM

so much for balancing the budget or paying down the debt

borrow and spend Republican are fixing to blow up the deficit

https://cdn.bsky.app/img/feed_thumbnail/plain/did:plc:xjq645fjs6pt7pfsxogp5onh/bafkreiacxsr525o3zablwyprkbbzpzghcoryo6o44elyoycvs 7mzwavt7e@jpeg

Winehole23

03-16-2025, 11:18 AM

with another huge tax giveaway to people who don't need one

on the backs of people who do

Winehole23

03-17-2025, 09:42 AM

gutting the IRS blows up the deficit

Radical Republicans are like small children in their attitude toward the revenue side of fiscal balance

The Budget Lab estimates that the expansion of funding ($80 billion) for the IRS in the Inflation Reduction Act (IRA) would have led to a net revenue increase of $637 billion over the full 10-year budget window.2 If the IRS shrinks by 50% (a workforce decrease of about 50,000 people),3 we estimate that this significant reduction in IRS staffing and resulting IRS capacity to collect revenues would result in $395 billion ($350 billion net) forgone revenue over the 10-year budget window.4 If the lack of IRS resources leads to a substantial increase in noncompliance, net forgone revenue could rise by $2.4 trillion over 10-years.https://budgetlab.yale.edu/research/revenue-and-distributional-effects-irs-funding

Winehole23

03-18-2025, 09:25 AM

looks the plan is to wreck the income tax so Trump can replace it with business taxes

Winehole23

03-18-2025, 06:27 PM

looks the plan is to wreck the income tax so Trump can replace it with business taxesthat he controls, naturally

Winehole23

03-27-2025, 09:43 AM

The Post reports (https://www.washingtonpost.com/business/2025/03/22/irs-tax-revenue-loss-federal-budget/) today that the IRS’ internal projections estimate that the DOGE-driven disruptions to the IRS since the inauguration are on track to have reduced tax receipts by more than $500 billion by April 15th. This, to be clear, is not a final tally. It’s not April 15th yet. It’s a projection based on historical data, the number of people who’ve filed, paid owed amounts of tax, etc. It’s worth taking a moment to put this number into some context in case half a trillion dollars doesn’t do it for you. Non-defense discretionary spending is the cost to fund the U.S. government once you take out mandatory spending (mostly Social Security, Medicare and Medicaid) and the cost of the U.S. military. For 2023 that number was $917 billion (https://www.cbo.gov/publication/59729). So that’s most of the stuff we think of as the government, apart from those payment programs and the military. In other words, in about eight weeks DOGE managed to lose the U.S. government — more or less light on fire — more than half of what goes to all non-defense discretionary spending.https://talkingpointsmemo.com/edblog/irs-predicts-doge-lost-half-a-trillion-dollars-for-the-usa

velik_m

04-08-2025, 02:11 PM

Trump promises $1 trillion in defense spending for next year

President Donald Trump this week unveiled plans for a $1 trillion defense budget next year, a massive increase that he claimed will provide the country with unmatched military strength for years to come.

During a press event with Israeli Prime Minister Benjamin Netanyahu on Monday, Trump offered the outline for total defense spending in the fiscal 2026 budget as part of his larger plans for U.S. national security.

“We’re going to be approving a budget, and I’m proud to say, actually, the biggest one we’ve ever done for the military,” he said. “$1 trillion. Nobody has seen anything like it.

...

https://www.militarytimes.com/news/pentagon-congress/2025/04/08/trump-promises-1-trillion-in-defense-spending-for-next-year/

Thread

04-08-2025, 02:17 PM

https://www.militarytimes.com/news/pentagon-congress/2025/04/08/trump-promises-1-trillion-in-defense-spending-for-next-year/

Well, it's gotta be that big, Little v. It must cover the defense of Israel and your Ukraine and Taiwan, and S. Korea, and all the other dead beat nations of the world who have been using our MIC since 1945...so they can use that extra money they save for things in their country like free health-care and free college for their citizens.

That old man is wrong here. WRONG!!!

ChumpDumper

04-08-2025, 10:49 PM

All you Trumptards can just shut the fuck up about the debt and deficits forever.

1909639895242485872

https://x.com/SteveRattner/status/1909639895242485872

Winehole23

04-11-2025, 08:57 AM

https://cdn.bsky.app/img/feed_thumbnail/plain/did:plc:2siuzncztvvgr47k7e7esvim/bafkreihpc7jtnfhtwcfhgixc3objiih2bycqztlzgxmngtcb3 e7swc7ivi@jpeg

Winehole23

04-11-2025, 08:58 AM

Trump looking to blow up the budget deficit

Again

Thread

04-11-2025, 09:21 AM

Trump looking to blow up the budget deficit

Again

Shoulda thought about that when you tried to hide Biden the last 3 years. tee, hee.

velik_m

05-13-2025, 01:52 PM

House GOP unveils plan to raise debt limit by $4 trillion

House Republicans are moving forward with plans to raise the nation’s debt ceiling by $4 trillion as part of a larger plan to advance President Trump’s tax agenda.

The proposal, which was included in legislative text unveiled by the House Ways and Means Committee on Monday, is in line with House instructions outlined in a blueprint adopted by congressional Republicans last month that kicked off the process by which the party is using to enact Trump’s tax priorities.

Including the debt ceiling in the broader bill will allow Republicans to avoid Democratic demands for concessions in exchange for their votes to raise the debt limit. But tacking debt limit action onto the same vehicle they’re using for Trump’s tax plans could also put a tight time crunch on Republicans to pass the sweeping tax bill.

Treasury Department Secretary Scott Bessent is already calling on Congress to raise or suspend the debt ceiling by July to keep the federal government from defaulting on its more than $36 trillion debt.

...

https://thehill.com/business/budget/5296087-house-gop-debt-limit-increase/

Trainwreck2100

05-13-2025, 02:01 PM

They're not paying for that tax cut

Winehole23

05-19-2025, 08:05 AM

Kills Amercans, does not reduce the deficit

House Republicans pushed President Trump’s “big, beautiful” tax-and-spending bill (https://www.wsj.com/politics/policy/house-tax-bill-analysis-4eec58fe?mod=article_inline) past a key hurdle late Sunday night, but the last-minute grappling has them colliding with a stark reality: The plan won’t reduce federal budget deficits and would make America’s fiscal hole deeper.

The current proposal (https://www.wsj.com/politics/policy/republican-tax-plan-boosts-salt-deduction-ends-green-energy-breaks-57bc922c?mod=article_inline) would increase projected budget deficits by nearly $3 trillion through 2034, locking in tax cuts and spending increases that outweigh reductions in spending on Medicaid (https://www.wsj.com/politics/policy/house-republicans-medicaid-cuts-8164a810?mod=article_inline) and nutrition assistance. While Republicans, who have vowed to reduce red ink, say higher economic growth will fill the gap, budget analysts across the political spectrum have panned the Republican plan, warning that it worsens the U.S. fiscal picture.
ttps://www.wsj.com/politics/policy/tax-plan-budget-national-debt-analysis-e982207

Winehole23

05-21-2025, 08:28 AM

https://i0.wp.com/mishtalk.com/wp-content/uploads/2025/05/Revenue-Effects-of-the-House-Ways-and-Means-Committee-Tax-Proposals-2025-05-20.png?resize=1024%2C706&quality=80&ssl=1

Winehole23

05-22-2025, 06:09 AM

trying to buy the votes of Texans by paying for Operation Lone Star

https://cdn.bsky.app/img/feed_thumbnail/plain/did:plc:2vtbmhmrwzbqcfv4we4uxzzt/bafkreicyv7cwtb2lagp3ydfnvdejojbvnxnko3hagssz3fiwd ku4qlgwpy@jpeg

Winehole23

05-22-2025, 06:13 AM

https://cdn.bsky.app/img/feed_thumbnail/plain/did:plc:z6rujpf4u56jfie7aqic2nfg/bafkreih7exridqr2dvcdatbs22bjkpw5lnlozid7bfuoehb5t edli4infe@jpeg

Winehole23

05-22-2025, 06:15 AM

just passed in the House, now off to the Senate

Winehole23

05-22-2025, 06:16 AM

https://cdn.bsky.app/img/feed_thumbnail/plain/did:plc:k7eezr2ybq7cxtptak2q4uhp/bafkreicffvgyrnvt24crswltkiiaacd2ko6k6qmngnuql2qb7 rpq5fk5rm@jpeg

Winehole23

06-19-2025, 11:21 AM

https://cdn.bsky.app/img/feed_thumbnail/plain/did:plc:hfunbop47sm2azdbajfvnf4g/bafkreidatdvzm7uhc5b6hyiiljq3llzzobdaumz6jkeaxjbwp vf2grd2sa@jpeg

Winehole23

06-19-2025, 11:22 AM

no debt limit showdowns while Republicans are in charge

ChumpDumper

06-19-2025, 11:30 AM

Que flexible.

velik_m

07-03-2025, 03:42 PM

How's the deficit looking now that fiscal conservatives are running the show?

Winehole23

07-03-2025, 04:11 PM

SNAFU

ChumpDumper

07-03-2025, 05:26 PM

:lol "conservatives" really shut the fuck up about the debt months ago, didn't they?

SnakeBoy

07-03-2025, 06:20 PM

no debt limit showdowns while Republicans are in charge

:tu

Special thanks to Chuck Schumer, it couldn't have happened without him

ChumpDumper

07-03-2025, 08:07 PM

:tu

Special thanks to Chuck Schumer, it couldn't have happened without him

Debt good now?

Winehole23

07-17-2025, 07:27 AM

WSJ Editorial Board: “love or loathe Mr. Powell, Mr. Trump chose him. Mr. Trump also chose the tariff taxes, and a multitude of no-growth tax and spending handouts in the new budget bill. Now the President has to live with his choices.” www.wsj.com/opinion/jero... (https://www.wsj.com/opinion/jerome-powell-donald-trump-federal-reserve-chairman-c7376c12)

Winehole23

07-20-2025, 08:55 AM

The sharpest drop was on the national debt, where 34 percent rated Trump's handling as "excellent" or "good," compared to 59 percent who said it was "terrible" or "poor"—a record-high disapproval figure and a 25-point negative gap.

Winehole23

07-20-2025, 08:56 AM

Winehole23

07-30-2025, 09:00 AM

trajectory steepened after the Great Financial Crisis, and then again after the Trump super dole in 2020

https://cdn.bsky.app/img/feed_thumbnail/plain/did:plc:vwxpr3ibmfhaeyvuoiuzcpjf/bafkreidk4civxn34sv7uwvk7mopotyvepmexhqxdabjtvnvef koovymdr4@jpeg

Winehole23

07-31-2025, 08:44 PM

Republican smoke and mirrors

They are gonna blow up debt and deficit

https://www.msn.com/en-us/news/politics/us-senate-plan-to-make-trump-tax-cuts-permanent-raises-debt-spiral-worry/ar-AA1A5HKQ

underrated, and the novelty here, is Trump offsetting with a tax on US importers

a business tax

Winehole23

07-31-2025, 08:47 PM

the Trump strategy such as it is seems to be to try to put everybody in pain, so they'll all pay you to promise to lessen it

Winehole23

07-31-2025, 08:50 PM

mass impoundment of appropriated funds, grant cancellation and mass firings are a big part of it

the top-down censorship of naughty words via EO and regulatory strong-arming are just getting warmed up

Winehole23

08-12-2025, 11:56 PM

record national debt under Trump -- he has done nothing to make it better and a whole lot to make it even worse

the U.S. government’s gross national debt (https://apnews.com/hub/national-debt) has surpassed $37 trillion, a record number that highlights the accelerating debt on America’s balance sheet and increased cost pressures on taxpayers.

The $37 trillion update is found in the latest Treasury Department report (https://fiscaldata.treasury.gov/datasets/daily-treasury-statement/operating-cash-balance) issued Tuesday which logs the nation’s daily finances.

The national debt eclipsed $37 trillion years sooner than pre-pandemic projections. The Congressional Budget Office’s January 2020 projections had gross federal debt eclipsing $37 trillion after fiscal year 2030. But the debt grew faster than expected because of a multi-year COVID-19 pandemic starting in 2020 that shut down much of the U.S. economy, where the federal government borrowed heavily under then-President Donald Trump (https://apnews.com/article/trump-washington-dc-takeover-race-39388597bad7e70085079888fe7fb57b) and former President Joe Biden to stabilize the national economy and support a recovery.

And now, more government spending has been approved after Trump signed into law Republicans’ tax cut and spending legislation (https://apnews.com/article/what-is-republican-trump-tax-bill-f65be44e1050431a601320197322551b) earlier this year. The law (https://apnews.com/article/trump-tax-cuts-food-stamps-6542e448a2f6ed7b93ab8f7fe84ac53a) set to add $4.1 trillion to the national debt over the next decade, according to Congressional Budget Office estimates (https://apnews.com/article/cbo-deficits-tax-cuts-trumps-big-beautiful-bill-64d7de49aef62ba07b7f6f45c1ca73d1).

Chair and CEO of the Peter G. Peterson Foundation, Michael Peterson said in a statement that government borrowing puts upward pressure on interest rates, “adding costs for everyone and reducing private sector investment. Within the federal budget, the debt crowds out important priorities and creates a damaging cycle of more borrowing, more interest costs, and even more borrowing.”
Wendy Edelberg, a senior fellow in Economic Studies at the Brookings Institution said Congress has a major role in setting in motion spending and revenue policy and the result of the Republicans’ tax law “means that we’re going to borrow a lot over the course of 2026, we’re going to borrow a lot over the course of 2027, and it’s just going to keep going.”

The Government Accountability Office (https://www.gao.gov/americas-fiscal-future/how-could-federal-debt-affect-you) outlines some of the impacts of rising government debt on Americans — including higher borrowing costs for things like mortgages and cars, lower wages from businesses having less money available to invest, and more expensive goods and services.

Peterson points out how the trillion-dollar milestones are “piling up at a rapid rate.”

The U.S. hit $34 trillion in debt in January 2024, $35 trillion in July 2024 and $36 trillion in November 2024. “We are now adding a trillion more to the national debt every 5 months,” Peterson said. ”That’s more than twice as fast as the average rate over the last 25 years.”

The Joint Economic Committee estimates (https://www.jec.senate.gov/public/index.cfm/republicans/debt-dashboard#:~:text=July%202025%20%7C%20Released%20J uly%2008,reached%20in%20approximately%20194%20days .) at the current average daily rate of growth an increase of another trillion dollars to the debt would be reached in approximately 173 days.
https://www.1011now.com/2025/08/12/us-national-debt-reaches-record-37-trillion-treasury-department-reports/

velik_m

08-13-2025, 12:29 PM

US Debt Reaches $37 Trillion Years Before Expected

...
The pace of debt accumulation has also quickened dramatically. The U.S. hit $34 trillion in January 2024, $35 trillion in July, and $36 trillion in November — meaning each additional trillion has been added roughly every five months. According to the Joint Economic Committee, another trillion could be added in just 173 days at the current rate.

Maya MacGuineas, president of the Committee for a Responsible Federal Budget, urged lawmakers to act swiftly. "Hopefully this milestone is enough to wake up policymakers to the reality that we need to do something, and we need to do it quickly," she said.

The mounting debt is also tied to a growing budget deficit, which rose 20% in July compared to the same period last fiscal year, according to Treasury Department data. The increase came despite record customs revenue from President Trump's tariffs, which generated $21 billion in July alone — a 273% increase over last year. A Treasury official, speaking to the Associated Press on condition of anonymity, attributed higher spending partly to rising interest payments on the public debt, as well as cost-of-living increases in Social Security and other federal programs.

Even as Trump touts the tariffs as a boon to U.S. finances, federal spending continues to outpace revenue. Analysts note that while tariff collections could rise as companies deplete pre-tariff inventories and import more goods, such gains are unlikely to meaningfully shrink the deficit. Persistent shortfalls mean the government must keep borrowing, further driving up the national debt.
...

https://www.newsweek.com/us-government-federal-debt-taxes-budget-economy-2112581

Winehole23

08-13-2025, 09:53 PM

looks the plan is to wreck the income tax so Trump can replace it with business taxes

that he controls, naturally

Winehole23

08-13-2025, 09:56 PM

due to the permanent fake trade deficit emergency

Winehole23

08-13-2025, 10:00 PM

Trump is openly confabulating, his mental and psychological deterioration is being perceived in real time

Winehole23

10-23-2025, 11:16 AM

Spending is up ~7% over 2024

https://cdn.bsky.app/img/feed_thumbnail/plain/did:plc:mzmtoehujifw6wpzlz3hdpni/bafkreicb2fgzh756ly7e5xtsxie5wbgjgky5zg3s4iohxdj5m x5kxaq344@jpeg

Winehole23

10-23-2025, 11:17 AM

https://cdn.bsky.app/img/feed_thumbnail/plain/did:plc:2c4hmyxdfk4aky3jeoulhog5/bafkreigvxonbl4tljw7vr4hk2w4ctgws6khfux3v663oifhkx 6wjwacwee@jpeg

Winehole23

10-24-2025, 06:12 PM

(radio silence from right wing SpursTalkers)

koriwhat

10-24-2025, 06:15 PM

Radio silence, bro, it's you, me, and like 4 other people here at ST nowadays while the others spectate and talk bball on BB.

Btw, delving deeper into debt is not fiscal in the least. Both sides suck at not spending our tax dollars and Trump's admin is no different than all past president's and their admins. They're all crooks!

Winehole23

10-24-2025, 06:18 PM

you're lazy and don't think very hard

it shows

Blake

10-24-2025, 06:54 PM

"....The U.S. national debt has surged past $38 trillion, according to the U.S. Treasury Department, just two months after surpassing previous forecasts to reach $37 trillion in August. This means the federal debt rose by $1 trillion in a little over two months, which the Peter G. Peterson Foundation calculates is the fastest rate of growth outside the pandemic...."

https://fortune.com/2025/10/22/how-much-national-debt-38-trillion-deficit-tariffs/

The GOP doesn't care about the deficit again. What happened to DOGE?

ChumpDumper

10-24-2025, 07:07 PM

Blake

10-24-2025, 09:09 PM

Lol kori trying to both sides it. He never wants to know the facts.

BadMotorscooter

10-24-2025, 09:53 PM

Lol kori trying to both sides it. He never wants to know the facts.

lets hear the facts, flake.....show it.

DarrinS

10-24-2025, 09:57 PM

Spending is up ~7% over 2024

What am I supposed to take away from this graph?

BadMotorscooter

10-24-2025, 09:58 PM

What am I supposed to take away from this graph?

That Whine Whore is a dumbass....

Blake

10-24-2025, 10:08 PM

What am I supposed to take away from this graph?

Remember when you rooted for DOGE?

Blake

10-24-2025, 10:09 PM

That Whine Whore is a dumbass....

^ rambling

Blake

10-24-2025, 10:10 PM

BadMotorscooter

10-24-2025, 10:11 PM

What do you care? You're just here to ramble

so you fold like Chump and Wine.....no suprise.

Blake

10-25-2025, 01:44 AM

so you fold like Chump and Wine.....no suprise.

:lol I just posted the facts a 2nd time.

Old boomer hemisfair just wants to ramble like his favorite fox News icons.

Winehole23

10-25-2025, 03:29 AM

What am I supposed to take away from this graph?hit the snooze bar Darrin, you don't have anything to say

Winehole23

10-28-2025, 04:58 PM

right wing Spurstalkers silent as church mice on runaway spending and the deficit

and decimating public capacity to offset tax cuts, without any gross reductions of either debt or deficit

Blake

10-29-2025, 09:10 PM

right wing Spurstalkers silent as church mice on runaway spending and the deficit

and decimating public capacity to offset tax cuts, without any gross reductions of either debt or deficit

They sure were cheering for DOGE though. What happened?

Winehole23

10-29-2025, 09:15 PM

They sure were cheering for DOGE though. What happened?they don't care about the debt and deficit and neither did DOGE

lazy nihilists cheering destruction and human misery, tbh

Winehole23

10-29-2025, 09:17 PM

Hurting American people with impunity is proof of domination, it's not much deeper than that

Winehole23

11-29-2025, 11:22 AM

deficit went up, so did spending

https://pbs.twimg.com/media/G6skBzzXEAIA7eo?format=jpg&name=900x900

Winehole23

12-17-2025, 09:33 AM

people are pissed off about inflation and spending cuts, so Trump proposes to wreck federal revenues even more by cutting taxes and rebating tariff money -- essentially blowing up the US deficit again

https://cdn.bsky.app/img/feed_thumbnail/plain/did:plc:z6rujpf4u56jfie7aqic2nfg/bafkreicqcoghuihv5ldpronf5jygdwc2k2z55qydp5ub4m6hg hpzjtenru@jpeg

Winehole23

12-18-2025, 01:13 AM

official animus against trans people is pure bigotry and fascistic scapegoating

there is no public safety issue that does not emanate from the animus itself

https://cdn.bsky.app/img/feed_thumbnail/plain/did:plc:mlmouohgzbjofidukcp4pxf2/bafkreiaeo6rmrs23fcdcov677kbiwubfgyrz55xd7wonxce5q nhimbem7u@jpeghttps://www.ms.now/news/rep-sarah-mcbride-makes-rare-personal-remarks-in-opposing-anti-trans-bills

Winehole23

12-20-2025, 12:15 PM

how can you lower the debt and the deficit when you don't lower spending?

https://cdn.bsky.app/img/feed_fullsize/plain/did:plc:z6rujpf4u56jfie7aqic2nfg/bafkreieznt42fe5pxzmg33ii264dl25slfohihpoosyxxxrta bwpkca7im@jpeghttps://www.cato.org/blog/doge-produced-largest-peacetime-workforce-cut-record-spending-kept-rising-0

Winehole23

01-07-2026, 04:36 PM

Trump wants to add half a trillion dollars to the US deficit this year for a "DREAM MILITARY"

Fine I guess if Congress hits the number, but let no one say Trump is being careful about spending, he's not

https://cdn.bsky.app/img/feed_fullsize/plain/did:plc:4llrhdclvdlmmynkwsmg5tdc/bafkreicv44ukjbihoqgbd2ldxednia4ogw2yqndd2ogthiclj 5hgxgaibi@jpeg

Winehole23

03-08-2026, 07:23 PM

what happens when you illegally lay import taxes on 100% of US importers and the court finally rules?

(in God we trust, all others pay cash)

In a report released yesterday afternoon, the Congressional Budget Office (CBO) set about calculating the loss to the Treasury resulting from the IEEPA ruling. CBO director Phillip Swagel reported (https://www.cbo.gov/publication/62210) primary deficits—not accounting for changes in the economy—will be $1.6 trillion larger over the next decade compared with projections prior to the ruling.

And of course, a fall in income means a renewed reliance on borrowing: The CBO estimates outlays for interest will be $400 billion higher between 2026 and 2036, compared with previous projections, (https://www.cbo.gov/publication/62105#_idTextAnchor159) which already accounted for net interest costs hitting more than $2.1 trillion a year by 2036.

In total, deficits post-ruling are $2 trillion larger over the 2026 to 2036 period than they were before the Supreme Court decisionhttps://finance.yahoo.com/news/treasury-may-borrow-extra-1-115255204.html

Winehole23

03-08-2026, 07:29 PM

Winehole23

03-11-2026, 09:02 AM

deficit keep going up, $1 trillion in the last 5 months

The U.S. Treasury’s borrowing showed no signs of slowing as the U.S. headed deeper into fiscal year 2026, with the Congressional Budget Office (CBO) reporting that another $1 trillion was added to the federal deficit in the first five months of the year.

The monthly budget review from the CBO (https://www.cbo.gov/system/files/2026-03/61978-MBR.pdf), updated to February 2026 and released yesterday, showed that the government is estimated to have borrowed $308 billion last month alone.

Of course, with more borrowing comes higher interest costs on the debt. Between October 2025 (when the 2026 fiscal year started) and February, the Treasury spent an additional $31 billion on net interest on public debt, compared to the prior year. As a result, in just five months, the Treasury forked out a total of $433 billion to service public debt, which is now nearing $38.9 trillion (https://fiscaldata.treasury.gov/americas-finance-guide/national-debt/#:~:text=The%20national%20debt%20(%2438.87,accumul ated%20over%20the%20nation's%20history.&text=Updated%20daily%20from%20the%20Debt%20to%20th e%20Penny%20dataset.).https://fortune.com/2026/03/10/treasury-debt-borrowing-five-months-deficit-warning/

Blake

03-11-2026, 04:36 PM

The $38.9 trillion national debt is costing you thousands of extra dollars per year on your mortgage. Here’s how it adds up

https://fortune.com/2026/03/11/national-debt-costs-homeowners-trump-tax-cuts-mortgage-rates/

Where's tsa to break down how good things are today under his hero?

velik_m

03-20-2026, 07:34 AM

Trump drives national debt to a staggering $39 trillion, nearly double his first term

The United States’ national debt reached the highest level in history on Tuesday, adding $1 trillion in just five months.

The national debt crossed $39 trillion for the first time this week, less than five months after it first hit $38 trillion in late October. The pace of accumulation is sparking major concerns for budget experts who are calling it “unsustainable.”

The milestone was confirmed in Wednesday’s Daily Treasury Statement, and comes almost ten years to the date of Trump’s 2016 campaign promise to eliminate the national debt within eight years, Fortune reported. Instead, the gross national debt has almost doubled since then.

...

https://www.themirror.com/news/politics/trump-drives-national-debt-staggering-1748300

velik_m

03-23-2026, 03:49 PM

The Treasury just declared the U.S. insolvent. The media missed it

The U.S. government is insolvent. That’s not hyperbole — it’s the conclusion drawn directly from the Treasury Department’s own consolidated financial statements for fiscal year 2025, released last week to near-total media silence. The numbers: $6.06 trillion in total assets against $47.78 trillion in total liabilities as of September 30, 2025.

Importantly, the $47.78 trillion in reported liabilities does not include the unfunded obligations of social insurance programs like Social Security and Medicare — those are disclosed separately in the off-balance-sheet Statement of Social Insurance (SOSI).

The government’s consolidated balance sheet position, excluding the SOSI, deteriorated by nearly $2.07 trillion between FY 2024 and FY 2025, reaching a staggering negative $41.72 trillion. Total liabilities are now nearly eight times the value of reported assets. The largest drivers were a $2 trillion increase in federal debt and interest payable (now $30.33 trillion) and a $438.8 billion increase in federal employee and veteran benefits payable (now $15.47 trillion).

...

https://fortune.com/2026/03/23/us-government-insolvent-fiscal-crisis-fix/

Winehole23

03-23-2026, 04:06 PM

https://cdn.bsky.app/img/feed_thumbnail/plain/did:plc:nyjm4ylfid2a7mjm6varxuiq/bafkreie5546fdklnaewjgv5ppnm3j3wab6lxz2ljqxksjwuyx tg3gsdmyy

Winehole23

03-24-2026, 07:02 AM

Right-wing deficit hawks are nowhere to be found during Republican administrations

Same old borrow and spend Republicans

During his 2016 election campaign he promised to eliminate US government debt within eight years. At the time the debt was just under $US20 trillion.

Instead, by the end of his first term he had added $US8.2 trillion, lifting the total to $US28.4 trillion. Joe Biden then added $US7.1 trillion of his own, so Trump started his second term with $US35.5 trillion. (Both Trump, Mark I, and Biden, had to deal with the pandemic and its aftermath, so there’s an excuse for some of the increased spending that underlay the increase in debt).

Trump’s second term has, however – in only 14 months – seen the debt load expand by about $US250 billion a month (despite the inclusion of the tariff revenues that now have to be refunded).

At this rate, leaving aside the costs of the assault on Iran, and the tariff refunds, and the increased cost of the maturing debt, the government’s debt will break through $US40 trillion by September and be above $US41 trillion by the time Trump celebrates his second year in office.

At that halfway mark of his second term as president he would have added more than $US6 trillion to the national debt.

So much for Bessent’s much vaunted (by Bessent) 3-3-3 economic strategy.

Bessent was targeting 3 per cent growth in US GDP (it’s tracking at an annualised rate of between about 2.2 per cent and 2.4 per cent), a budget deficit of 3 per cent of GDP (it’s running at more than twice that rate) and an increase in energy production of the equivalent of 3 million barrels a day.

US oil production has been at record levels, about 400,000 barrels a day above 2024 levels, but gas production has fallen by the oil equivalent of about 2 million barrels a day.

More particularly, the energy target was supposed to deliver lower fuel costs for companies and consumers, lower inflation and interest rates and help drive higher economic growth.
https://www.smh.com.au/business/the-economy/trump-s-56-trillion-problem-is-spiralling-out-of-control-20260323-p5rmm4.html