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Its still the Biden economy. Trump will be able to reduce the deficit to zero in 4 years. First the deficit is ended then the national debt can be brought down.WASHINGTON (AP) — The U.S. budget deficit in July climbed 20% this fiscal year compared to the last despite the U.S. taking in record income from President Donald Trump’s tariffs, according to Treasury Department data released Tuesday.
The U.S. saw a 273% increase — or $21 billion — in customs revenue in July over the same period last year, the data showed
2. You are wrong about the 2024 deficit, its $380b
The annual deficit is not the national debt."In FY 2024, the federal government spent $6.75 trillion and collected $4.92 trillion in revenue, resulting in a deficit. The amount by which spending exceeds revenue, $1.83 trillion in 2024, is referred to as deficit spending."
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Fiscal Data Explains the National Deficit
Check out @FiscalService Fiscal Data’s new national deficit page! #NationalDeficitfiscaldata.treasury.gov
I used to think it was accidental and total incompetence. Not anymore, especially with Trump as president. They genuinely want America to fail so that they can say, "We told you so", while they do everything they can to destroy America to prove their point.Know this, demofks root against Americans
I haven't been taxed by Trump tariffs. In fact, I have spent $1300 less on food costs this year and around $700 less on gas this year, not to mention other things. And that is only 7/12 of the way through the year.Nope, not true at all.
But don't we just LOVE these new TAXES that are creating this revenue.......LOLLLLOLL
I don't like being taxed for a trump tariff.
Do you?
I thought the cult hated taxes, now you are applauding them.
And don't you dare say, "Buy American, and you won't pay any tariff."
True, but somebody is paying those tariffs (TAXES) if trump is claiming he is bringing in Billions.
Just tax the shit out of the rich, and quit raising taxes on the low and middle class.
**** these taxes.
When it fails, they will suffer worse. And they are to myopic in their thinking to realize it.I used to think it was accidental and total incompetence. Not anymore, especially with Trump as president. They genuinely want America to fail so that they can say, "We told you so", while they do everything they can to destroy America to prove their point.
From NBC, not Fox:I can't predict what you are buying.
But if trump has raised BILLIONS with his tariffs, then somebody is paying the TAXES.
Econ 101 sweetie.
I said the BBB cut $1.5T. off Biden's last budget. TRUE"In FY 2024, the federal government spent $6.75 trillion and collected $4.92 trillion in revenue, resulting in a deficit. The amount by which spending exceeds revenue, $1.83 trillion in 2024, is referred to as deficit spending."
Bullshit.I haven't been taxed by Trump tariffs. In fact, I have spent $1300 less on food costs this year and around $700 less on gas this year, not to mention other things. And that is only 7/12 of the way through the year.
Winco , hey dude, name a product that the tariffs were passed on!! come on dude, you made the claim now back it up mthr fkr.
| Product Category | Tariff Status | Tariff Rate (Typical Range) |
|---|---|---|
| Steel, Aluminum, Copper | Implemented under Section 232 | 50% (25% for some UK-origin) |
| Autos & Auto Parts | Implemented; some exemptions for USMCA-origin | ~25% |
| Aluminum Derivatives (e.g., cans) | Implemented | 50% (or 25% for UK-origin) |
| Food & Beverage (coffee, beer) | Both specific and reciprocal tariffs | Up to 50% |
| Clothing, Shoes, Leather Goods | Reciprocal tariffs affecting retail pricing | ~37–39% |
| Everyday Consumer Goods (toilet paper, candy, etc.) | Escalating retail prices | Varies (significant increases) |
| Watches (Swiss imports) | Specific Swiss-origin tariffs | ~39% |
| Semiconductors, Pharma, Lumber, etc. | Under investigation or threatened | Up to 100% proposed |
| iPhones | Threatened; potential 25% | TBD |
Time for another lefty meltdown and denials. Winning. One thing I love about the left is they never get tired of losing. It's just a way of life for them. Trump's tariffs have been a good thing for a number of reasons. The left keep complaining about tariffs raising prices and yet we never actually see raised prices. They're always right around the corner.
Trump is bringing in so much revenue from tariffs that it’s seriously reducing the $37 trillion national debt
These TrumpyTariffs are taxes that if enforced, will ultimately be paid for by US consumers.
I'm having TACO's today for lunch.
And unicorns will shit goldIts still the Biden economy. Trump will be able to reduce the deficit to zero in 4 years. First the deficit is ended then the national debt can be brought down.
Sure he can. The deficit is 1.6 trillion. Tariffs are on track to bring in 1 trillion a year. Then we have spending cuts. Cutting regulations and taxes will increase GDP. Low cost reliable energy will bring manufacturing to America as Europe drives up the cost with green energy. Easy peasy.And unicorns will shit gold
Keep working that unicorn herdSure he can. The deficit is 1.6 trillion. Tariffs are on track to bring in 1 trillion a year. Then we have spending cuts. Cutting regulations and taxes will increase GDP. Low cost reliable energy will bring manufacturing to America as Europe drives up the cost with green energy. Easy peasy.