Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

$56 trillion national debt leading to a spiraling crisis: Budget watchdog warns the US is walking a crumbling path
MSN ^

Posted on 02/18/2026 6:01:18 AM PST by bigdaddy45

The United States is rapidly accelerating toward a definitive tipping point in its financial history, the Committee for a Responsible Federal Budget (CRFB) wrote in response to the latest 10-year outlook from the Congressional Budget Office. The nonpartisan budget watchdog issued a stark assessment: The current trajectory of borrowing, which is running at double the 50-year historical average, is simply mathematically unsustainable.

The CRFB cautioned that without immediate legislative intervention, the federal government faces a future defined by exploding interest costs, insolvent trust funds, and a national debt burden that will shatter post–World War II records within four years.

It amounts to a report card for the Trump administration’s first year back in office—potentially its last truly impactful year of President Donald Trump’s term, if midterm elections swing either or both of the House and Senate to Democrats. The CBO updated its projections to account for the One Big Beautiful Bill Act (OBBBA), Trump’s tariff regime, changes in immigration, and other factors. “With debt approaching record levels, interest costs exploding, trust funds approaching insolvency, and deficits expected to remain more than twice as large as the oft-discussed 3% of GDP target,” the CRFB argued, “lawmakers should come together to enact significant deficit reduction.”

(Excerpt) Read more at msn.com ...


TOPICS: Government; News/Current Events
KEYWORDS: bigdaddy45; mediawingofthednc; multiplenicks; tds

Click here: to donate by Credit Card

Or here: to donate by PayPal

Or by mail to: Free Republic, LLC - PO Box 9771 - Fresno, CA 93794

Thank you very much and God bless you.


Navigation: use the links below to view more comments.
first 1-2021-4041-52 next last
Unfortunately, we are not being governed by serious people, and haven't been for decades. The reckoning is upon us.
1 posted on 02/18/2026 6:01:18 AM PST by bigdaddy45
[ Post Reply | Private Reply | View Replies]

To: bigdaddy45

Note the3% GDP growth figure used in their projections, vs what actually growth develops over Trump’s term…


2 posted on 02/18/2026 6:04:09 AM PST by silverleaf (“Inside Every Progressive Is A Totalitarian Screaming To Get Out” —David Horowitz)
[ Post Reply | Private Reply | To 1 | View Replies]

To: bigdaddy45
"$56 trillion national debt leading to a spiraling crisis"

This is what the Demonicrats and RINOcrats have been pushing for decades!

When the collapse hits, they will shred the Constitution and become the dictatorial kakistocracy, which they are now displaying their characteristics.

3 posted on 02/18/2026 6:06:24 AM PST by Carl Vehse
[ Post Reply | Private Reply | To 1 | View Replies]

To: bigdaddy45

Now MSN cares about the debt…


4 posted on 02/18/2026 6:06:34 AM PST by miliantnutcase
[ Post Reply | Private Reply | To 1 | View Replies]

To: miliantnutcase

Yep, Trump is in office, debt is a problem, but the same CFRB says we just need to print more money and have more debt when a democrat is in office.

Don’t get me wrong, the debt is destroying us but I could not care less what the CFRB has to say about it because it is anything but nonpartisan.


5 posted on 02/18/2026 6:10:09 AM PST by Skwor
[ Post Reply | Private Reply | To 4 | View Replies]

To: bigdaddy45

$56T debt
AI performing work better than humans
Big percentage of humans having nothing useful to contribute to the national economy.
Crypto-currency backed by nothing serving as a medium of exchange.

I’m pretty sure that the concept of “money” is going out the window real soon. Nothing traditional about the economy seems to mean anything now. We’re walking into a major transition point in our civilization.


6 posted on 02/18/2026 6:12:38 AM PST by ClearCase_guy (Law and Order -- only one of our political parties believes in it.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: bigdaddy45

It’s starting to appear that the knuckledraggers on the far left were wrong again. EVEN THE UNITED STATES DOESN’T HAVE THE MONEY TO PROP UP THE LEFT’S SOCIALIST/COMMUNIST UTOPIA EITHER. Socialism is just a wet dream for the sick, lame, lazy and retarded.


7 posted on 02/18/2026 6:12:51 AM PST by FlingWingFlyer (**** ICE (Illegal Criminal Emigrants).)
[ Post Reply | Private Reply | To 1 | View Replies]

To: bigdaddy45
I gotcha debt covered right here with lots to spare! I also have the 20 Trillion note too for a total of 180 Trillion. In some binder I have around here.


8 posted on 02/18/2026 6:14:34 AM PST by xp38
[ Post Reply | Private Reply | To 1 | View Replies]

To: Skwor

You are wrong. They’ve been warning about debts and deficits for years.

https://www.crfb.org/blogs/what-we-hope-see-presidents-fy-2023-budget


9 posted on 02/18/2026 6:15:39 AM PST by bigdaddy45
[ Post Reply | Private Reply | To 5 | View Replies]

To: Carl Vehse

Agree they have a trail of flames and ashes to prove their kakistocracy dream world.


10 posted on 02/18/2026 6:19:35 AM PST by Vaduz (NEVER TRUST A DEMOCRAT)
[ Post Reply | Private Reply | To 3 | View Replies]

To: bigdaddy45

Who’da thunk it?


11 posted on 02/18/2026 6:22:39 AM PST by Paladin2 (YMMV)
[ Post Reply | Private Reply | To 1 | View Replies]

To: All

Starting in 2009, Greece faced a massive debt crisis, with debt exceeding 180% of its GDP by 2014, totaling roughly €320-350 billion. The country narrowly avoided default via multiple international bailouts (2010–2018), which imposed strict austerity, deep spending cuts, and structural reforms. The crisis caused a ~25% GDP collapse and high unemployment.

The Crisis Trigger: In 2009, it was revealed that previous governments under-reported debt levels; the 2009 deficit was over double the initial forecast.

Greece received over €300 billion in loans from the EU and IMF, contingent on severe measures, including pension cuts, tax increases, and public sector wage reductions.


Economic Impact: The economy shrunk by 25%, and unemployment reached 27%. As of 2025-2026, Greece is recovering, paying off bailout debt early, and expects its debt-to-GDP ratio to drop below 140% by 2026.

The crisis officially lasted from 2009 to 2018, changing Greece’s economic structure permanently.


12 posted on 02/18/2026 6:25:57 AM PST by Liz (Jonathan Swift: Government without the consent of the governed is the very definition of slavery.)
[ Post Reply | Private Reply | To 2 | View Replies]

To: xp38

This could well be in our future.

The path of least resistance would be to put more money in circulation , in order to keep current with interest payments on the national debt. And also maintain social security payments at present levels , into the decade of the 2030s and 2040s.


13 posted on 02/18/2026 6:27:24 AM PST by Dilbert San Diego
[ Post Reply | Private Reply | To 8 | View Replies]

To: bigdaddy45

And you got to wonder how much of that debt was pissed away as fraud...


14 posted on 02/18/2026 6:33:02 AM PST by Democrat = party of treason
[ Post Reply | Private Reply | To 1 | View Replies]

To: bigdaddy45

Ya, I think my head was more on the CBO reports.


15 posted on 02/18/2026 6:33:23 AM PST by Skwor
[ Post Reply | Private Reply | To 9 | View Replies]

To: bigdaddy45

Can’t imagine a day gone by without ranting about the uniparty/GOPe, Congress who ads $6 billion a day of indebtedness, and the national debt.

Guess I don’t have to today LOL.


16 posted on 02/18/2026 6:39:04 AM PST by quantim (Victory is not relative, it is absolute.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Carl Vehse

Right now the debt is 38 trillion. To get to 54 trillion, trump is the sole person who can stop it by not signing crap bills. Will he stop?


17 posted on 02/18/2026 6:43:02 AM PST by napscoordinator (DeSantis is a beast! Florida is the freest state in the country! )
[ Post Reply | Private Reply | To 3 | View Replies]

To: bigdaddy45

DOGE could reduce fraud, waste & abuse by $ Trillions per year, except the Democrats and RINOs are in on the steal.


18 posted on 02/18/2026 6:43:38 AM PST by UnwashedPeasant (The pandemic we suffer from is not COVID. It is Marxist Democrat Leftism. )
[ Post Reply | Private Reply | To 1 | View Replies]

To: miliantnutcase

“Now MSN cares about the debt…”

************

And suddenly they care about affordability.


19 posted on 02/18/2026 6:45:27 AM PST by Starboard
[ Post Reply | Private Reply | To 4 | View Replies]

To: miliantnutcase

Now MSN cares about the debt…

_____________________________________________

Which is to say they don’t really care. This is another issue that they act concerned about when a Republican is in office in order to see if it sticks with the public.


20 posted on 02/18/2026 6:47:17 AM PST by Bishop_Malachi (Liberal Socialism - A philosophy which advocates spreading a low standard of living equally.)
[ Post Reply | Private Reply | To 4 | View Replies]


Navigation: use the links below to view more comments.
first 1-2021-4041-52 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson