Why do you think we can’t afford the interest payments?
Here are the last few budgets from 2018-2025.
Notice that the "deficit" or money to be borrowed is about $2T.
The House's 2025 proposed budget is $6.1T (down from Biden's $7.3T)
Look at the interest on the debt graph below and it is obvious that we need to stop borrowing.
A $6.1T budget with $1.1T in interest only leaves $5T to spend, with revenue at about $4.5T
So if DOGE can cut about $0.50T the budget can balance, a first since Newt Gingrich did it.
Biden’s 2025 Budget is $7.30T with a $1.8T deficit______TOTAL BIDEN $8.3T (actual per clock)
Biden’s 2024 Budget was $7.30T with a $2.0T deficit
Biden's 2023 Budget was $6.13T with a $1.7T deficit
Biden's 2022 Budget was $6.27T with a $1.4T deficit
Trump's 2021 Budget was $6.82T with a $2.8T deficit___ TOTAL TRUMP $7.6T
Trump's 2020 Budget was $6.55T with a $3.1T deficit
Trump's 2019 Budget was $4.40T with a $0.9T deficit
Trump's 2018 Budget was $4.10T with a $0.8T deficit