US debt forecast to hit $64T in a decade as Trump policies widen deficit
Source: Politico
The U.S. national debt is on track to reach $64 trillion within a decade as the federal government continues its trend of red-ink balances under President Donald Trump and Republican control of Congress.
The Congressional Budget Office released its marquee report Wednesday on the U.S. fiscal outlook, estimating that the tax and spending package Republicans enacted last summer along with Trumps immigration policies will increase deficits by trillions of dollars over the next decade. That budget gap would essentially cancel out the roughly $3 trillion in deficit reduction Trumps tariffs are expected to produce.
Congress nonpartisan scorekeeper predicts that the U.S. will run a $1.9 trillion deficit during the current fiscal year as the national debt currently exceeds $38 trillion. The annual deficit is then forecast to grow to $3.1 trillion by 2036.
Growing interest costs and spending on safety-net programs drives the expanding gap between how much money flows into federal coffers each year and how much is doled out.
Read more: https://www.politico.com/news/2026/02/11/us-debt-forecast-to-hit-64t-in-a-decade-as-trump-policies-widen-deficit-00775726
efhmc
(16,262 posts)Blue_Roses
(13,819 posts)for this, but he will try, no doubt.
Everything Trump touches goes belly up
bucolic_frolic
(54,546 posts)How about corporate welfare? $40 billion for Argentina? Billionaire tax cuts? Defense spending? ICE spending?
slightlv
(7,598 posts)WE are faulted for all deficits, when it's the rich and super-rich who are actually driving the deficit. We have to start clawing back their grift as soon as humanly possible. If only there was a way to hold trump accountable for the immeasurable harm he's done to the US economy!
Omnipresent
(7,352 posts)Thirty eight trillion is a high number, but most of it is just printed money.
mpcamb
(3,203 posts)We've already sunk 15% already on international currencies,
and this is before Wall Street stops pimping the economy...
It's very hard to blieve all the good economic news coming out of money guys.
slightlv
(7,598 posts)but I've always considered Wall Street as legalized gambling. Bets on commodities, etc. How else can you describe it?
Lemon Lyman
(1,581 posts)
love_katz
(3,228 posts)It's not sustainable. Pukes have been working on bankrupting this country with their endless tax cuts for the wealthy, going back to Reagan in 1980.
Pukes ALWAYS wreck the economy, and then the Corporate owned McGreedia helps them put the blame on Dems when the Dems have to enact painful policies just to clean up the mess. Forget about progress.
Scubamatt
(275 posts)needs to immediately, consistently and loudly start referring to this as the "Trump Deficit"; when we take back power, we cannot afford to quietly work to fix the problem, create some belt tightening, only to have the Republican noise machine start spinning things on Day 1. I really liked Joe Biden and all he did for this country (remember the soft landing that no one wanted to talk about?) , but he was far too trusting of the media to convey the news and was too humble to brag himself. We can't let that happen again; otherwise, we fall into the cycle of where Republicans make a mess of everything, Democrats are the adults in the room who clean it up, often at great pain/cost, which then leads to Republican talking points about "tax and spend liberals" , which the media repeats ad nauseum, leading to Republicans gaining control and starting the whole cycle over again. Break the cycle!
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Beartracks
(14,477 posts)Beartracks
(14,477 posts)=================
