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

[HikerGuy83]

We are living longer than our ancestors. We should be working longer.

We need to change our working strategies too.

 

[g5000]

We need to change our working strategies too.

My kids will probably see a 30 day workweek in their lifetimes. Maybe even in mine.

 

[g5000]

CA has a requirement 75% of reveuebust go to schools. Hence the $500K administrators off the charts and tenured professors of the LGBTQ variety.

Thierry real debt is over $100B way back in 2018 if you add in all liabilities like pensions or other?

This isn't about California.

This is about Trump and the Republican total control of the federal government and their profligate spending, and you rubes' total dead silence about it, if not outright excuses and misdirection to California.

 

[leftwinger]

California’s state debt exceeds $100 billion, with $158.05 billion in state debt reported for fiscal year 2024. This reflects a significant increase from $57.17 billion in 2000, driven by long-term liabilities and structural budget deficits.

Long-term public sector debt is even higher, reaching $1.37 trillion when including local government and pension obligations, equivalent to 34.1% of the state’s GDP in 2024. Additional financial pressures include a $73 billion projected budget deficit for 2024–25, up from a $100 billion surplus just two years prior, due to declining tax revenues and rising expenditures.

Key contributing factors:

Unfunded pension liabilities and public sector debt
$18.5 billion federal unemployment loan default***, shifting repayment to businesses
Chronic underperformance of the EDD, leading to over $30 billion in pandemic fraud
Highly volatile tax revenue tied to capital gains and high earners

***the only State to default on Federal UI loan

 

[leftwinger]

This isn't about California.

This is about Trump and the Republican total control of the federal government and their profligate spending, and you rubes' total dead silence about it, if not outright excuses.

Tell it to the one who mentioned it above.

 

[leftwinger]

Eliminating tax expenditures is not easy only because incumbents don't want their cash cow taken away. That's how they are able to be re-elected 98 percent of the time they run for re-election.

That's it. The only reason.

But it would be very simple.

Big difference.

It's also many give aways to the poor you house for votes.

Again tax free medical insurance is to incentvise good health the workforce get more out of them.

Climb off me games on!!!!

 

[Concerned American]

CA has a requirement 75% of reveuebust go to schools. Hence the $500K administrators off the charts and tenured professors of the LGBTQ variety.

Thierry real debt is over $100B way back in 2018 if you add in all liabilities like pensions or other?

We have all kinds of requirements to fund public education that law makers constantly thumb their noses at. Case in point. WA Constitution Article IX. WA, even after the McCleary decision that mandated the legislature comply, has levies in every county in the state to make up the difference of what actual costs are and what the state allocates. This results in vast differences in funding from one county to the next.

It is the paramount duty of the state to make ample provision for the education of all children residing within its borders, without distinction or preference on account of race, color, caste, or sex.

https://law.justia.com/constitution/washington/constitution-9.html

 

[g5000]

"Gimme gimme gimme, and make that guy over there pay for it."

Everyone is all for taking money away from others until their own personal sacred cow is threatened!

Take away my tax deductions and exemptions and credits so we can lower tax rates for everyone and we all pay the same taxes? OH HELL NO!

Make me have to work longer than my ancestors before I can draw from the national treasure longer than they did? OH HELL NO!

 

[g5000]

It's also many give aways to the poor you house for votes.

Again tax free medical insurance is to incentvise good health the workforce get more out of them.

Climb off me games on!!!!

Without tax expenditures, your tax rate would be much lower, and we would not have to bring a begging bowl to China every year to lend us money.

Simple fact.

 

[Freedomisneverfree]

How much of that was accrued because of Illegals and all the freebies they gave them, like debit cards, housing, Food, Medicaid, Loans, Transgender surgery, and the BILLIONS that illegals stole in MN from hundreds of fake businesses?

 

[leftwinger]

Without tax expenditures, your tax rate would be much lower, and we would not have to bring a begging bowl to China every year to lend us money.

Simple fact.

Get your boys to stop the EITC or AFDC etc. Good luck. You install it, you can never end it (your boys say that). Try to vote it out.

 

[AntonToo]

This is a bump for this as Trump is slowing the deficit, but it's still growing way way way to fast.

Trump policies in fact have increased deficit.

BBB is adding about 400 billion deficit for 2026 and $160 billion is getting refunded to bussiness because his dumb ass tarrif implementationw was ruled to be illegal. Trump's increased millitary and ICE spending has made DODGE cuts look like drops in a bucket.

Here is CBO's changes to 10 year deficit outlook after first year of Trump's presidency:

The Fiscal Outlook Has Further Deteriorated​

Between FY 2026 and 2035, CBO projects deficits will be $1.4 trillion higher than in its January 2025 baseline, with major policy changes adding about $2 trillion to deficits. CBO estimates OBBBA, alone, will add $4.7 trillion to deficits through 2035 including interest and macrodynamic effects, while changes in immigration policy will add an additional $0.5 trillion. Partially offsetting these costs, new tariffs will reduce deficits by about $3 trillion, and other legislative and administrative actions will on net save roughly $0.2 trillion.

CBO’s February 2026 Budget and Economic Outlook | Committee for a Responsible Federal Budget

The Congressional Budget Office (CBO) released its February 2026 Budget and Economic Outlook today, updating its

www.crfb.org

 

[HikerGuy83]

Trump policies in fact have increased deficit.

BBB is adding about 400 billion deficit for 2026 and $160 billion is getting refunded to bussiness because his dumb ass tarrif implementationw was ruled to be illegal. Trump's increased millitary and ICE spending has made DODGE cuts look like drops in a bucket.

Here is CBO's changes to 10 year deficit outlook after first year of Trump's presidency:

The Fiscal Outlook Has Further Deteriorated​

Between FY 2026 and 2035, CBO projects deficits will be $1.4 trillion higher than in its January 2025 baseline, with major policy changes adding about $2 trillion to deficits. CBO estimates OBBBA, alone, will add $4.7 trillion to deficits through 2035 including interest and macrodynamic effects, while changes in immigration policy will add an additional $0.5 trillion. Partially offsetting these costs, new tariffs will reduce deficits by about $3 trillion, and other legislative and administrative actions will on net save roughly $0.2 trillion.

CBO’s February 2026 Budget and Economic Outlook | Committee for a Responsible Federal Budget

The Congressional Budget Office (CBO) released its February 2026 Budget and Economic Outlook today, updating its

www.crfb.org

If you want to go into all that.....added this much over 10 years...enjoy.

I look at the actual numbers. Period.

People can talk about adds, but they can't know how much a policy change such as a tax cut will add to revenues. There is simply no way to know.

So.....I get the thought process...I just don't buy it is being legitimate.

Especially from the crfb....a partisan group that tries to act impartial.

 

[Greenbeard]

Get your boys to stop the EITC or AFDC etc. Good luck. You install it, you can never end it (your boys say that). Try to vote it out.

AFDC was eliminated 30 years ago.

 

[HikerGuy83]

My kids will probably see a 30 day workweek in their lifetimes. Maybe even in mine.

Maybe....

I was talking about how people wind down out of the workforce.

That was the whole reason S.S. became such a necessity (didn't need to be permanent though). Prior to the Industrial Revolution, most people worked on a farm. Granny and Grandpa did what they could as age allowed and the contributed. They were not simply fired.

However, when the IR came along, the elderly were marginalized and were not ready for it. While unemployment was high, it was over 50% amongst the elderly.

We need to find a way to let older workers wind down in part time jobs that are meaningful (they could certainly help in care facilities) so they can get to retirement and not be broken or broke.

 

[leftwinger]

AFDC was eliminated 30 years ago.

Climb off me!!!

The EITC is considered the most progressive tax expenditure in the income tax code. 90 percent of its benefits go to the bottom 40 percent of households by design, with none going to the top quintile. In contrast, other major tax expenditures like the employer-provided health insurance exclusion and mortgage interest deductions are heavily concentrated among higher-income earners, with nearly 75 percent of mortgage interest benefits going to the top 20 percent of earners.

Other significant tax expenditures include:

Child Tax Credit (CTC): A partially refundable credit that benefits most income groups proportionately, with the top four quintiles each receiving between 20 and 25 percent of the benefit.
State and Local Tax (SALT) Deduction: Concentrated among higher-income households, with about 70 percent of its benefit going to the top quintile.
Preferential Rates: Lower tax rates applied to specific income types like long-term capital gains and qualified dividends.
Deferrals: Provisions allowing taxpayers to postpone tax payments, such as those for retirement savings contributions.
Collectively, the five most costly tax expenditures are projected to incur $10 trillion in revenue losses from 2025 to 2034. While often criticized for reducing visible government spending, these provisions significantly impact fiscal equity and efficiency by altering after-tax income distribution.

 

[AntonToo]

If you want to go into all that.....added this much over 10 years...enjoy.

I look at the actual numbers. Period.

People can talk about adds, but they can't know how much a policy change such as a tax cut will add to revenues. There is simply no way to know.

So.....I get the thought process...I just don't buy it is being legitimate.

Especially from the crfb....a partisan group that tries to act impartial.

I've clearly explained to you why your empty claim that Trump policy adds up to lowering deficit is full of shit.

1. BBB decreases revenues, increases deficit (by 4.7 Trillion over 10 years according to CBO, 400 billion in 2026)
2. Military and ICE spending is increasing deficit.
3. Tariffs implementation has failed spectacularly and are now a de-facto transfer of wealth from Americans to companies who raised consumer prices to compensate and are getting 160 billion back.
4. ~100 billion or so DOGE was actually able to show makes it a small fraction of the Trump policy deficit increases.


Don't agree? Lets see you put togather something more than empty claims.

 

[HikerGuy83]

I've clearly explained to you why your empty claim that Trump policy adds up to lowering deficit is full of shit.

Don't really care what you've explained.

Everybody and their brother was reporting a slower deficit and attributing it, in large part, to his tarrifs. The Treasury is still reporting a number that was lower than fiscal 2024 and well below what it was projected to be.

So, why don't you run along. We are done.

BBB decreases revenues, increases deficit (by 4.7 Trillion over 10 years according to CBO, 400 billion in 2026)

Nobody can say how much those programs impract the revenue side of things. NOBODY.

Tariffs implementation has failed spectacularly and are now a de-facto transfer of wealth from Americans to companies who raised consumer prices to compensate and are getting 160 billion back.

While I don't know what you mean....deficits were slowing and into fiscal 2026, they were being reported as being lower month to month than the year before (at the reduced numbers).

Lower....meaning smaller.

I understand now that the tarriffs may not be allowed and if that money is returned, it will certainly increase the reported deficits for 2025. CBO is saying 2 trillion. Treasury is reporting 1.78

Lower than the year before (by 70 billion).

So that is what was there. If tarriffs affect the numbers, I'll change them.

Don't agree? Lets see you at least make more than an empty claim.

The whole thread spells it out ************. I reported what the federal government was reporting through an "official website".

Go **** yourself.

 

[leftwinger]

The people you voted in (mostly ours) stole all the funds or it would have been self sustaining.

Forgive us we no longer listen to your BS. If a trucker needs out at 62 or 59 then so be it. Bad hips, headaches, eyes shot, cant secure loads? You want a 70 yr old delivering cars to ND in FEB? Pinching up or removing those come-alongs.

Get out of here Deep State Chuck. Asians get out early if they want to. They respect the elderly not abuse them for your Fraud.

Climb off the real Americans dammmmeeeettt you. Put your inner city bums to work.

Dammmmeeeet

Should say: mostly yours!!! The people he voted for.

 

[AntonToo]

Don't really care what you've explained.

Everybody and their brother was reporting a slower deficit and attributing it, in large part, to his tarrifs. The Treasury is still reporting a number that was lower than fiscal 2024 and well below what it was projected to be.

So, why don't you run along. We are done.

Nobody can say how much those programs impract the revenue side of things. NOBODY.


While I don't know what you mean....deficits were slowing and into fiscal 2026, they were being reported as being lower month to month than the year before (at the reduced numbers).

Lower....meaning smaller.

I understand now that the tarriffs may not be allowed and if that money is returned, it will certainly increase the reported deficits for 2025. CBO is saying 2 trillion. Treasury is reporting 1.78

View attachment 1247290

Lower than the year before (by 70 billion).

So that is what was there. If tarriffs affect the numbers, I'll change them.

The whole thread spells it out ************. I reported what the federal government was reporting through an "official website".

Go **** yourself.

So lets sum up what you've just posted:

Unable to understand simple data, tells me he doesn't care to understand anything I'm trying to explain to him.

Doesn't know what the words "fiscal year" means

FY 2025 started in October 2024 -
4 months before Trump got into office,
7 months before there was any real policy effect to speak of
1.5 years before 160 billion in tariffs implemented were declared illegal and need to be refunded),
1.5 years before major BBB revenue cuts went into effect.

Doesn't understand that baseline deficit for 2026 was projected to be lower BEFORE Trump got into office

Proceeds to post laughable half-thoughts about "everyone", without being able to cite anything at all.