Three months and counting.
The federal government is expected to blow through $7.266 trillion in fiscal 2025.
That's $20 billion EVERY DAY.
The deficit is projected to be $1.781 trillion in fiscal 2025.
That's overspending of nearly $5 billion EVERY DAY.
We need a 25% spending cut, or a 25% tax increase, or some combination of the two.
But Republicans plan to cut taxes by $4.5 trillion and increase spending on the military, on the border, on deportations, and on energy deregulation (ha ha ha, they have to spend money to make money).
This is not a serious country.
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| https://taxpolicycenter.org/statistics/federal-receipt-and-outlay-summary |
