Trump's government is $602 billion in the hole for the first three months of fiscal year 2026

 This rate of deficit spending implies $2.4 trillion added to the national debt for FY2026 when it's over.

Trump's FY2026 deficit through November is $457 billion but he thinks he has tariff revenue to play around with to bailout the farmers his own tariffs screwed

The National Debt these deficits increase stands at $38.35 trillion.

And people accuse Wall Street of short-term thinking. 

 

The national debt quietly plowed through the $38.2 trillion level on Tuesday, adding $2 trillion more in red ink in just 4.5 months after Trump's Big Ugly Bill became law

 

The period is also marked by the phony utopianism of the libertarian Americanists who exalt the individual and deny that there are any limits

 In their idealism they are little different than Zohran Mamdani. 

... The United States is undeniably the beacon of hope for the world because it’s founded on the value of the individual and the ideals articulated in the Declaration of Independence. We believe every person should have an equal opportunity to pursue their dreams and determine their destiny.

For free people, there is truly no problem too big or care too small. Free people don’t wait on a government middleman to solve their problems or redefine what’s possible. ...

More.

The choice isn't between this Americanism and Zohran Mamdani. They aren't really competing visions.  

On the contrary, both are impotent in the face of intractable problems.

New York City, with an annual budget of in excess of $100 billion, needs to spend well in excess of $50 billion to fix its water and sewer systems which limit population growth and drive up rents. The place is already $125 billion in debt. In his wildest dreams Mamdani will increase taxes "only" $10 billion, about which they are having a fit.

The so-called free people of the United States also have met problems which are truly too big for them, one in the Black Sea, one in the Red Sea, and one in the South China Sea, about which $38 trillion in national debt keeps them from doing very much.

Every person should have opportunity to determine their destiny, they prattle on, except for the people of Ukraine, of Israel, Vietnam, the Philippines, Malaysia, Brunei, and Taiwan, who will just have to do it themselves. How long does this list have to get before it includes you, too? Or are you on it already? 

Their self-indicting answer?

So-called fiscal hawk Republican Jodey Arrington (TX-19) won't run in 2026, says Trump is committed to reversing the curse of public debt but doesn't know where the president is lol

 

Let me tell you where you are, Jodey. 

Four months after you passed the Big Ugly Bill under reconciliation rules, rules which Mike Crapo in the Senate turned on their head, you are a whisker away from another $2 trillion in debt added to the public debt since July 4th.

Jodey's just puttin' lipstick on the pig and saying, See ya! 

 

... Arrington said he had faith Republicans in Washington would pick up his mantle of fiscal hawkishness, or as he's often called it, "reversing the curse" of public debt.

"The president's committed to it, he talks about it all the time. He's actually doing something about it with very difficult decisions, not politically popular decisions. This is all about political will," Arrington said. "Trump's doing it. Mike Johnson is committed to it… And we have a growing number of fiscal hawks who are absolutely dogged on this issue."

But he said he would continue to push for further fiscal reforms for his remaining year on Capitol Hill, including another budget reconciliation bill to follow up on the big, beautiful bill.

"I don't know where the Senate Republicans are. I don't know where the president is and can't speak for the White House. But the House is at the ready," Arrington said. "It's been our most consequential tool to support the president and the strength of the country, and I don't see any reason we wouldn't utilize it to its fullest extent."

More. 

National Debt hits $38 trillion

 Nov 21, 2024: $36.034T

July 4, 2025 ONE BIG UGLY BILL 

Aug 11, 2025: $37.004 T

Oct 21, 2025: $38.019 T

 

 

The top 10% wealthiest Americans are 47% richer after five years, up $36.25 trillion

Current U.S. Debt to the Penny is $37.46 trillion, he he.

They say we could never pay it back. 

 

The fiscal year is rapidly coming to a close, and Trump has spent us $1.973 trillion deeper into the hole with one month left to go, compared with Biden's last year at $1.897 trillion through August

 

Meanwhile ...

... [Charlie] Kirk, who had millions of social media followers, co-founded the non-profit Turning Point USA in 2012 as a teenager, which he dubbed a 'national student movement.' 

Its mission is to 'identify, educate, train and organize students to promote the principles of fiscal responsibility, free markets, and limited government.' ...

 

Treasury Secretary Bessent tells a whopper

 

Bessent: Tariff Income And Fiscal Improvement Have Made The U.S. Bond Market The Best Performing In The Developed World

 

These jokers have added $1.2 trillion to the national debt in TWO months.

 

The 10-year US Treasury has returned 1.013% nominal in the last twelve months, -1.419% real. 

Trump adds $1 trillion to the national debt in record time and S&P Global underscores its own irrelevance by maintaining the U.S. AA+ credit rating

 Trump tariff revenue expected to offset tax bill impact, S&P says in U.S. credit rating hold

... "We could lower the rating over the next two to three years if already high deficits increase ..." lol.

 These people are afraid of Trump.

They don't want to be singled out for Trump's daily Two Minutes Hate.

They don't want to be the next Jerome Powell, or Lisa Cook, or Volodymyr Zelensky.

Meanwhile year to date the Trump deficit is running $112 billion ahead of Biden's last deficit. DOGE so-called spending cuts and Trump Tariffs have done nothing to reduce it.

 

 

 

Trump just added $1 trillion to the national debt in record time, 32 business days after the big ugly bill became law

 

26 business days after the big ugly bill

 

The chutzpah: House Freedom Caucus frauds deliver debt upon debt, claim they delivered for taxpayers

 

 House Freedom Caucus: How We're Delivering For Taxpayers in July 2025 | Opinion

... By applying relentless pressure, providing education to the public, and offering alternative solutions, the HFC helped secure significant savings for the American people in the final piece of legislation. ... The national debt now stands at a staggering $37 trillion and is rising by nearly $2 trillion annually.                

In fourteen business days the national debt is up half a trillion dollars to $36.7 trillion from $36.2 trillion on July 3rd.

Fourteen days. 

They can't even tell the truth about that. 

The US Senate's biggest phony, Republican Senator Ron Johnson of Wisconsin, boasted he had enough votes to stop Trump's bill, but voted for it all three times in the end

 

 

The roll call votes are here, here, and here.

June 4, 2025, here:

Republican Sen. Ron Johnson on Wednesday blasted President Donald Trump’s “one big, beautiful bill” as “immoral” and “grotesque,” and reiterated that he will vote against it unless his GOP colleagues make major changes.

“This is immoral, what us old farts doing to our young people,” Johnson said on CNBC’s “Squawk Box” after sounding alarms that the massive tax-and-spending-cut bill would add trillions of dollars to national deficits.

“This is grotesque, what we’re doing,” Johnson said. “We need to own up to that. This is our moment.”

“I can’t accept the scenario, I can’t accept it, so I won’t vote for it, unless we are serious about fixing it,” he continued.

Johnson has been among the Senate’s loudest GOP critics of the budget bill that narrowly passed the House last month.

Johnson and other fiscal hawks have taken aim over its effect on the nation’s debt. The nonpartisan Congressional Budget Office estimated later Wednesday that the bill would add $2.4 trillion to the national debt over the next decade.

Johnson has proposed splitting the bill into two parts, though Trump insists on passing his agenda in a single package.

“The president and Senate leadership has to understand that we’re serious now,” Johnson said of himself and the handful of other GOP senators whose opposition to the bill could imperil its chances.

“They all say, ‘Oh, we can pressure these guys.’ No, you can’t.”

Republicans hold a narrow 53-47 majority in the Senate, so they can only afford to lose a handful of votes to get the bill passed in a party-line vote.

“Let’s discuss the numbers, and let’s focus on our children and grandchildren, whose futures are being mortgaged, their prospects are being diminished by what we are doing to them,” Johnson said.

Johnson’s comments came one day after Elon Musk ripped into the spending bill, calling it a “disgusting abomination” that will lead to exploding deficits. The White House brushed aside Musk’s comments.

Johnson said Musk’s criticisms bolster the case against the bill.

“He’s in the inside, he showed … President Trump how to do this, you know, contract by contract, line by line,” Johnson said of Musk. “We have to do that.”

Johnson said his campaign against the bill in its current form is not a “long shot,” because he thinks there are “enough” Republican senators who will vote against the bill.

“We want to see [Trump] succeed, but again, my loyalty is to our kids and grandkids,” he said.

“So there’s enough of us who have that attitude that very respectfully we just have say, ’Mr. President, I’m sorry, ‘one, big, beautiful bill’ was not the best idea,” he added.

 

Republicans are doing an end-run around the Senate parliamentarian to make novel use of the current policy baseline instead of current law, asserting a Democrat precedent from 2022

 Senate GOP declines to meet with parliamentarian on whether Trump tax cuts add to deficit

... Republicans, however, say that the parliamentarian doesn’t have a role in judging how much the tax portion of the One Big Beautiful Bill Act would add to the deficit within the bill’s 10-year budget window or whether it would add to deficits beyond 2034.

They argue that Budget Committee Chair Lindsey Graham (R-S.C.) has authority under Section 312 of the Congressional Budget Act “to determine baseline numbers of spending and revenue.”

Ryan Wrasse, a spokesperson for Senate Majority Leader John Thune (R-S.D.), pointed to a Budget Committee report published when Democrats were in the majority in 2022 stating that the Budget Committee, through its chair, makes the call on questions of numbers, not the parliamentarian.

Graham received a letter from Swagel [CBO Director] on Saturday stating that the Finance Committee’s tax text does not exceed its reconciliation instructions or add to deficits after 2034 when scored on the “current-policy” baseline that Graham wants the Joint Committee on Taxation (JCT) and CBO to use.

Taylor Reidy, a spokesperson for the Budget panel, asserted on the social platform X that “there is no need to have a parliamentarian meeting with respect to current policy baseline because Section 312 of the Congressional Budget Act gives Sen. Graham — as Chairman of the Budget Committee — the authority to set the baseline.” ...

All you really need to know is that whatever these yokels end up passing, the country will be $50-$60 trillion in debt ten years from now because they spend too much and tax too little.

Interest on the national debt has to be paid out of current tax receipts, crowding out other spending

 Defense department spending in fiscal 2025 is estimated to clock in at $873 billion.

These lunatics are their own worst enemies

 The guy with the common sense about the national debt who stands in the way of Trump's Big Beautiful Bill wants to re-litigate 9/11.

Sen. Ron Johnson on 9/11: "A Lot Of Legitimate Questions Remain Unanswered"

House Speaker Mike Johnson's spending bill is in big trouble with the US Senate's Ron Johnson

 

Sen. Ron Johnson: Spending Cuts In House GOP's Budget "Basically A Rounding Error," Adds $22 Trillion In Debt

... You have heard people talk about zero-based budgeting. I'm talking about a budget of $5.5 trillion to $6.5 trillion. Those are options from Clinton, Obama, and Trump (first term), where you just take their actual outlays, plus them up by population growth and inflation, leaving Social Security, Medicare, and interest untouched. That would leave you somewhere between $5.5 trillion and $6.5 trillion. So you start there, but you have to do the work, and you need the time to do the work. ... I think we have enough [senators] to stop the process until the president gets serious about spending reduction and reducing the deficit.

USA loses last AAA rating, from Moody's, perfectly timed for after GOP can't move a budget out of committee lol

Moody’s downgrades U.S. credit rating, citing rise in government debt

... Moody’s had been a holdout in keeping U.S. sovereign debt at the highest credit rating possible, and brings the 116-year-old agency into line with its rivals. Standard & Poor’s downgraded the U.S. to AA+ from AAA in August 2011, and Fitch Ratings also cut the U.S. rating to AA+ from AAA, in August 2023.

“Successive U.S. administrations and Congress have failed to agree on measures to reverse the trend of large annual fiscal deficits and growing interest costs,” Moody’s analysts said in a statement. “We do not believe that material multi-year reductions in mandatory spending and deficits will result from current fiscal proposals under consideration.” ...

“... we expect federal deficits to widen, reaching nearly 9% of GDP by 2035, up from 6.4% in 2024, driven mainly by increased interest payments on debt, rising entitlement spending and relatively low revenue generation,” Moody’s said. ″We anticipate that the federal debt burden will rise to about 134% of GDP by 2035, compared to 98% in 2024.″⁣ ...

Moody’s officially rated U.S. bonds in 1993 for the first time, but had assigned a “country ceiling rating” of Aaa on the U.S. since 1949.

The chairman of the House Fweedom Caucus is calling for tax increases on the rich

 Not to reduce the deficit, but to pay for all the new Trump goodies.

$50 trillion in debt in ten years is a lead-pipe cinch.