Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.
Yes, higher taxes (customs receipts) will lower deficits. Not a big revelation. No big accomplishment.
"The Treasury today confirmed that borrowing remains much too high in 2026. We’re borrowing $602 billion already this fiscal year, with $145 billion added in December alone. We are still on course for a nearly $2 trillion deficit this year."
And trump wants a $500,000,000,000 increase in war spending.
Comments
See link below for the real time debt:
https://usdebtclock.org/
US is now running with debt to GDP ratio of 124% ! Debt is accumulating faster than the revenue (i.e. tax) and that is unsustainable.
"The Treasury today confirmed that borrowing remains much too high in 2026. We’re borrowing $602 billion already this fiscal year, with $145 billion added in December alone. We are still on course for a nearly $2 trillion deficit this year."
And trump wants a $500,000,000,000 increase in war spending.