2025 Deficit comes in at 1.97 Trillion. This Is Way Out of Hand

[leftwinger]

Um, yeah, first, **** off.

Secondly, I just found out about a former coworker of mine, worked for a company for 36 years. Got let go because the Private Equity Fund decided to do another round of downsizing.

We didn't do life right. We kept voting in Republicans, who kept letting the One Percenters **** the working class. Which you are fine with, you like being a house slave, I guess. The rest of us, not so much.

36 years? Deadwood for sure. Did he think it was a marriage? Get your money, get in, get out.

 

[leftwinger]

Trump is, as 47, trying to do something.

The GOP, from 1998 to 2025, did NOTHING but gun the debt higher. From the coup of Newt Gingrich to 2024, the GOP never cut anything.

And YES, it is the PRO ISRAEL "Republicans" who are the biggest of the big spenders.

Trump-45's 2017 tax cuts were supposed to grow GDP to 5%, not even close.
All they did was get Trump to add $8T to the debt.

Tax cuts are never balanced with spending cuts, that's the problem.
we need the top tax rate to be 40%.

Final time. The top rate cut was slipped in the last few weeks by Piglousy & Upchuck. The began to get pounded by Coastal elites that the new SALT CAP prevented subsidized property taxes. Trump either went along with it or another 34cday shutdown and no one gets anything? Everyone should remember this stuff.

 

[leftwinger]

He caused inflation across the entire world? Really?

No, tariffs (which are a tax on the working class) won't end the deficit.

I mean, I honestly hope you don't actually believe the garbage you spout here, it shows you are bad at math.

Yes. When they launched and spread man-made DEM China virus. Shut down energy exploration on public lands. Drive up diesel. $2T NGD wasted. All Obiden regime.

 

[JoeB131]

36 years? Deadwood for sure. Did he think it was a marriage? Get your money, get in, get out.

Gee, we used to have lifetime employment in this country, and it worked out just fine.

The problem with Wingnuts is that they see the world in terms of winners and losers, and everyone who doesn't subscribe to their fucked up view of the universe is a loser.

 

[JoeB131]

Yes. When they launched and spread man-made DEM China virus. Shut down energy exploration on public lands. Drive up diesel. $2T NGD wasted. All Obiden regime.

You really need to turn off the Hate Radio, dude.

The oil companies had 9000 leases for public lands they weren't using. Why? Because it was simply cheaper to buy from the Arabs.

 

[jotathought]

You really need to turn off the Hate Radio, dude.

The oil companies had 9000 leases for public lands they weren't using. Why? Because it was simply cheaper to buy from the Arabs.

There are indeed thousands of unused leases — but pretending oil companies are sitting on them to ‘buy from the Arabs’ isn’t backed by evidence. Companies don’t drill every lease because of geology, infrastructure, permitting delays, and whether a well would even be profitable. And yes, Biden’s own policies have added to that hesitation: he paused new leasing, raised royalty rates, tightened cleanup rules, and restricted drilling in places like the Arctic and offshore waters. That makes some leases less economical to develop, which is why they sit idle. So the reality is, unused permits don’t automatically equal barrels of oil, and the blanket claim that it’s all about buying foreign crude is an oversimplification that leaves out both economics and regulation.

 

[candycorn]

The BBB was a good start. It cut $1.5T off Biden's last budget. Now the democrats want to put it back.
We'll see how that shakes out.

All you remove the cap, raising the retirement ages would help too.

All you need is to remove the cap.

You also need to look at cutting Welfare, Medicaid, and Defense. We spend more on defense than the next 10 militaries combined.
We need a new law to require a balanced budget, so that tariff revenue can start paying off the debt.
As the Fed lowers interest rates 1%, that would lower that $1T in interest by about $$300b.

So the blob only ran up $2T in debt after cutting supposedly $1.5T? Care to tell us how he managed to do that?

 

[candycorn]

There are indeed thousands of unused leases — but pretending oil companies are sitting on them to ‘buy from the Arabs’ isn’t backed by evidence. Companies don’t drill every lease because of geology, infrastructure, permitting delays, and whether a well would even be profitable. And yes, Biden’s own policies have added to that hesitation: he paused new leasing, raised royalty rates, tightened cleanup rules, and restricted drilling in places like the Arctic and offshore waters. That makes some leases less economical to develop, which is why they sit idle. So the reality is, unused permits don’t automatically equal barrels of oil, and the blanket claim that it’s all about buying foreign crude is an oversimplification that leaves out both economics and regulation.

Raised royalty rates? Please link to this because my royalties have been shit for years.

 

[justoffal]

Well.....this is great news.

The 2025 deficit was 1.97 trillion. Total revenue was 4.69 trillion which means our deficit was 42% of total revenue and 29.5% of total spending.

I don't have an actual figure, but you can count on 1 trillion of spending on debt servicing alone. 1 FREAKING TRILLION.

In 2024 the deficit was 1.83 trillion.

AND NOBODY CARES (in government).

This is beyond reprehensible.

Your Guide to America’s Finances

Check out @FiscalService Fiscal Data’s new guide to America’s finances! #FiscalData

fiscaldata.treasury.gov

Total debt is 37.3 trillion. We'll be over 40 before Trump leaves.

We are selling our kids down the river.

We are selling our kids down the river.


Only if we stay with the dollar system.....

 

[jotathought]

Raised royalty rates? Please link to this because my royalties have been shit for years.

IRA Section 50262 – Onshore Oil and Gas Royalty Rates, Minimum Bid Requirements, and Rental Fees​

Royalties were raised under Biden — from 12.5% to 16.67% and even 18.75% on new leases — but if yours still feel low, it’s likely because older leases are grandfathered at the old rate or have special reduced terms, so the increase doesn’t show up across the board.

 

[elektra]

Lets get those jobs back and pay americans a huge bunch more for the same product.

Or lets move everything to china and behave like a good working class marxist.

china makes crap,

You want us to be good marxist workers for china?

 

[JoeB131]

There are indeed thousands of unused leases — but pretending oil companies are sitting on them to ‘buy from the Arabs’ isn’t backed by evidence. Companies don’t drill every lease because of geology, infrastructure, permitting delays, and whether a well would even be profitable. And yes, Biden’s own policies have added to that hesitation: he paused new leasing, raised royalty rates, tightened cleanup rules, and restricted drilling in places like the Arctic and offshore waters. That makes some leases less economical to develop, which is why they sit idle. So the reality is, unused permits don’t automatically equal barrels of oil, and the blanket claim that it’s all about buying foreign crude is an oversimplification that leaves out both economics and regulation.

Blah, blah, blah.

Point is, big oil had plenty of oil leases they didn't use, because again- much cheaper to just buy from OPEC.

Gas prices still haven't gone down under Cheeto Hitler, have they?

 

[initforme]

Or lets move everything to china and behave like a good working class marxist.

china makes crap,

You want us to be good marxist workers for china?

No, i want to pay americans a much bigger wage to produce things here. Made overseas for $8 per hour? $24 per hour here.

 

[JoeB131]

No, i want to pay americans a much bigger wage to produce things here. Made overseas for $8 per hour? $24 per hour here.

Here's the problem with that. Labor is only a tiny and ever-shrinking part of manufacturing.

Throwing an additional tax on consumers because Chinese robots are more efficient than our robots is kind of silly.

Manufacturing is becoming like agriculture was a century ago. You get far greater yields employing fewer and fewer people.

 

[elektra]

No, i want to pay americans a much bigger wage to produce things here. Made overseas for $8 per hour? $24 per hour here.

Fair enough, i interpreted your comment differently

 

[Hafar1014]

You really need to turn off the Hate Radio, dude.

The oil companies had 9000 leases for public lands they weren't using. Why? Because it was simply cheaper to buy from the Arabs.

Because Biden drove up the cost and used the EPA to delay leases. A lease dont mean an active well. Bidens war on oil exploded in his demented face.

 

[elektra]

No, i want to pay americans a much bigger wage to produce things here. Made overseas for $8 per hour? $24 per hour here.

You think wages made the biggest difference to the corporations that moved to china.

Corporate taxes, social security taxes, workmen compensation insurance, property tax, city tax, state tax, federal tax, the sign tax, sales taxes cost a corporation more than wages.

Complying with federal and state laws, rules and regulations, add that to the costs, corporations pay more to the government than to employees.

How about endless lawsuits? Just for existing corporations get sued. A corporation wants to remodel a bathroom they get sued. Try to start or expand, the corporations get sued

Wages? Corporations hardly got any money left to pay wages.

 

[candycorn]

IRA Section 50262 – Onshore Oil and Gas Royalty Rates, Minimum Bid Requirements, and Rental Fees​

Royalties were raised under Biden — from 12.5% to 16.67% and even 18.75% on new leases — but if yours still feel low, it’s likely because older leases are grandfathered at the old rate or have special reduced terms, so the increase doesn’t show up across the board.

Ok. I think we may be talking about apples and oranges here but good to know either way.

 

[kyzr]

So the blob only ran up $2T in debt after cutting supposedly $1.5T? Care to tell us how he managed to do that?

If you are discussing Trump-47, his budget didn't start yet. The shutdown is preventing the appropriations bills from being passed. So that $1.5T cut didn't happen yet. Any borrowing is from Biden's last "fiscal" 2025 budget, Biden get hit thru the end of September, after that its on Trump's fiscal tab.

 

[candycorn]

You think wages made the biggest difference to the corporations that moved to china.

Corporate taxes, social security taxes, workmen compensation insurance, property tax, city tax, state tax, federal tax, the sign tax, sales taxes cost a corporation more than wages.

Complying with federal and state laws, rules and regulations, add that to the costs, corporations pay more to the government than to employees.

How about endless lawsuits? Just for existing corporations get sued. A corporation wants to remodel a bathroom they get sued. Try to start or expand, the corporations get sued

Wages? Corporations hardly got any money left to pay wages.

Those pesky Americans...actually want a safe workplace and a clean environment.

Bastards!