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

[JoeB131]

Cut defense spending. Use the money elsewhere. Raise the minimum wage t a iving wage. That wud reduce the number of peope using pubic sistance. Improve our transit systems. Rebuild railroad to make them capable of running high speed and light rail. Light rail and bus transit in every city over 25,000. These things woud create millions of good paying jobs which in turn increases tax revenue. If they can do it in Europe and China, we can do it here.

Wow, I'd say welcome back... but no.

I'm not sure how much we can cut defense spending, given our global obligations.

And a lot of companies simply can't afford to pay a higher minimum wage.

If you want to really cut the budget, you are going to have to cut entitlements, as that's more than half the budget. As our population is getting older, these numbers are going to increase, not decrease.

The reason China can do these things is because 1) They are a creditor nation at this point- money is flowing in, not out, and 2) They are a command economy where the people don't have a lot of say one way or the other.

 

[kyzr]

Wow, I'd say welcome back... but no. I'm not sure how much we can cut defense spending, given our global obligations.
And a lot of companies simply can't afford to pay a higher minimum wage.
If you want to really cut the budget, you are going to have to cut entitlements, as that's more than half the budget. As our population is getting older, these numbers are going to increase, not decrease.
The reason China can do these things is because 1) They are a creditor nation at this point- money is flowing in, not out, and 2) They are a command economy where the people don't have a lot of say one way or the other.

When you say "cut entitlements" I assume you mean Welfare and Medicaid.
Because SS and Medicare were earned and paid for.
SS needs ages raised and the cap raised to "fix it"
Medicare needs to be fixed.

I'm fine getting the top tax bracket paying their fair share after getting too many tax breaks for so long.
Raise the top rate from 37% to 40%
Remove the "capital gains" tax break.
The "break glass" option is a new Federal Sales Tax.

 

[Dragonlady]

What is scary is without the tariffs, the debt would have grown more.

Not necessarily. If job creation had continued at Biden’s rate of job creation, instead of all of the costs of rounding up and deporting thousands of workers, you’d have all of their 15% withholding taxes pouring into the Treasury and you wouldn’t be bailing out farmers to the tune of $40 billion - again.

Your your trade deficit wouldn’t have increased by 20% since January. Nor would inflation be going up.

 

[AntonToo]

So you are taking Biden's 2025 CBO scoring and projections and adding the CBO's 2026 "new" scoring for the BBB and adding them together. That is just plain wrong. Biden's budget projections are separate from the new BBB budget projections.

....there is just no fixing your sort of stupid.

It's all just one brain fart theory after another to service your primitive political bias.

 

[Dragonlady]

So you are taking Biden's 2025 CBO scoring and projections and adding the CBO's 2026 "new" scoring for the BBB and adding them together. That is just plain wrong. Biden's budget projections are separate from the new BBB budget projections.

The problem with the CBO’s scoring of the Biden budget is that Trump threw it out the window when he took office and immediately increased spending for deportations and cut budgeted items Willy Nilly in his DEI purges.

 

[Nostra]

Yes imagine that, taxing creates revenues and decreases deficits!

GASP! It's a brave new world.

At the same time Trump's tax-cuts have reduced revenues by about the same ammount in 2025 and in 2026 they are projected to reduce revenues even more.

Lies.

Revenues went up after the Trump across the board tax cuts AntonToo

Your lies are too easy to debunk, stupid.

U.S. Federal Government Tax Revenue

 

[Nostra]

The problem with the CBO’s scoring of the Biden budget is that Trump threw it out the window when he took office and immediately increased spending for deportations and cut budgeted items Willy Nilly in his DEI purges.

Lies.

There is no way to "throw out" a budget in America. You are a clueless dolt.

 

[Nostra]

Not necessarily. If job creation had continued at Biden’s rate of job creation, instead of all of the costs of rounding up and deporting thousands of workers, you’d have all of their 15% withholding taxes pouring into the Treasury and you wouldn’t be bailing out farmers to the tune of $40 billion - again.

Your your trade deficit wouldn’t have increased by 20% since January. Nor would inflation be going up.

Document your numbers, liar.

I say you are a lying sack of KKKanadian vermin shit.

PROVE ME WRONG!

 

[Thinker101]

Not necessarily. If job creation had continued at Biden’s rate of job creation, instead of all of the costs of rounding up and deporting thousands of workers, you’d have all of their 15% withholding taxes pouring into the Treasury and you wouldn’t be bailing out farmers to the tune of $40 billion - again.

Your your trade deficit wouldn’t have increased by 20% since January. Nor would inflation be going up.

Not necessarily!? WTF. IF those thousands of illegals actually had jobs IF illegals weren't paid under the table and IF 15% was actually being withheld.

 

[Papageorgio]

Yes imagine that, taxing creates revenues and decreases deficits!

GASP! It's a brave new world.

At the same time Trump's tax-cuts have reduced revenues by about the same ammount in 2025 and in 2026 they are projected to reduce revenues even more.

Time will tell, but we need to cut all spending and raise all taxes.

 

[AntonToo]

Time will tell, but we need to cut all spending and raise all taxes.

In other words we need to do the very Grand Deal Obama was trying to get done with Boehner that was rejected by tax-cut cultists who signed up for Republican Norquist pledge to never ever raise any taxes, even as part of deficit reduction deal.

On that we can agree.

 

[Papageorgio]

Not necessarily. If job creation had continued at Biden’s rate of job creation, instead of all of the costs of rounding up and deporting thousands of workers, you’d have all of their 15% withholding taxes pouring into the Treasury and you wouldn’t be bailing out farmers to the tune of $40 billion - again.

Your your trade deficit wouldn’t have increased by 20% since January. Nor would inflation be going up.

Inflation isn’t going up, we have hovered around 2.4- 3% it was at 3% when Biden left office and the latest is 2.9%. Deporting people that are here illegally need to be deported. If you want to come here legally, the door is open if you want to be here illegally, and not respect our laws and our country, then good bye.

Biden’s trade deficit in his last month of office was $131.4 billion in July it was $78.3 billion.

So I am not sure where you pull numbers from but as usual they are way off and are the complete opposite of what you claim.

 

[Papageorgio]

In other words we need to do the very Grand Deal Obama was trying to get done with Boehner that was rejected by tax-cut cultists who signed up for Republican Norquist pledge to never ever raise any taxes, even as part of deficit reduction deal.

On that we can agree.

I have always been against spending money we don’t have, I have always said cut spending and increase taxes to balance the budget. I was not convince the grand deal was that because it was lopsided on its taxation, it should be shared by all Americans and cut all foreign aid, we also need to cut subsidies to all businesses.

 

[Fort Fun Indiana]

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.

Maybe tax cuts for rich peole and corporations wasnt such a great idea.

 

[AntonToo]

I have always been against spending money we don’t have, I have always said cut spending and increase taxes to balance the budget. I was not convince the grand deal was that because it was lopsided on its taxation, it should be shared by all Americans and cut all foreign aid, we also need to cut subsidies to all businesses.

How were they lopsided?

President Barack Obama advocated historic cuts to social security, Medicare, and Medicaid, in exchange for an increase in federal taxes on upper income individuals, with the goal of reducing the federal deficit.

Grand bargain (United States, 2011) - Wikipedia

en.wikipedia.org

 

[AntonToo]

Inflation isn’t going up, we have hovered around 2.4- 3%

It has done nothing but go up since April's "liberation day" when major global taxes were announced.

Aug 1, 2025   2.92%
Jul 1, 2025   2.70%
Jun 1, 2025   2.67%
May 1, 2025   2.35%
Apr 1, 2025   2.31%

Up up up.

PS. delayed Sept CPI report will be published Oct 24th.

 

[Fort Fun Indiana]

Inflation isn’t going up

Yeah, um, better check that.

 

[Papageorgio]

How were they lopsided?

President Barack Obama advocated historic cuts to social security, Medicare, and Medicaid, in exchange for an increase in federal taxes on upper income individuals, with the goal of reducing the federal deficit.

Grand bargain (United States, 2011) - Wikipedia

en.wikipedia.org

Everyone should pay a percentage of taxes, cutting SSI and Medicaidis a trust fund and it should not be cut from people who paid in all their lives.

 

[Papageorgio]

It has done nothing but go up since April's "liberation day" when major global taxes were announced.

Aug 1, 2025   2.92%
Jul 1, 2025   2.70%
Jun 1, 2025   2.67%
May 1, 2025   2.35%
Apr 1, 2025   2.31%

Up up up.

PS. delayed Sept CPI report will be published Oct 24th.

.61%, yeah you got me! Still under Biden leaving us at 3.0% and at that time you guys said that was nothing.

 

[Papageorgio]

Yeah, um, better check that.

You are right, up .61 since April and down from Biden’s last day at 3.0%.