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.
Posted on 07/07/2026 5:12:42 AM PDT by delta7
The Federal Budget Deficits are large by historical standards. The deficit totals $1.9 trillion in fiscal year 2026 and grows to $3.1 trillion in 2036. Relative to the size of the economy, the deficit is 5.8 percent of gross domestic product (GDP) in 2026 and increases to 6.7 percent in 2036. Deficits averaged 3.8 percent of GDP over the last 50 years (see Chapter 1).
Debt held by the public rises from 101 percent of GDP in 2026 to 120 percent in 2036, well above the previous record of 106 percent just after World War II.
Outlays are large by historical standards—and growing. They total 23.3 percent of GDP in 2026, exceeding their 50-year average of 21.2 percent. After being adjusted for shifts in the timing of certain payments, outlays remain at about that level through 2028 but then grow steadily, boosted by rising spending on mandatory programs and increasing net interest costs. Outlays in 2036 are 24.4 percent of GDP (see Chapter 3).
Revenues in 2026 total 17.5 percent of GDP, surpassing their 50-year average of 17.3 percent. Revenues stay at or slightly above that 2026 level through 2036, when they total 17.8 percent of GDP. Over the 2026–2036 period, individual income tax receipts and remittances from the Federal Reserve rise as a percentage of GDP; those increases are offset by declining customs duties receipts as imports, as a percentage of GDP, fall in response to tariffs (see Chapter 4).
|
|
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. |
....and that seems to be acceptable?
The US spent $4.6 trillion on covid alone. That is beyond the scheduled overspending from 2020 to today.
AI said that the US can get its gpd to debt ratio to 200% with a crisis, and that it will reach that number in 2050.
I meant:
get its gdp to debt ratio to 200% WITHOUT a crisis
As I post often:
If the debt was $1 per mile the distance would fly by the nearest star Proxima Centauri on it’s way to Alpha Centauri A.
Even at the speed of light it would take over four years.
That is beyond the scheduled overspending from 2020 to today.
https://www.in2013dollars.com/us/inflation/2020
.......and the kicker is taxes have increased an average of 20 percent, more in many areas.
Thank God we have a fiscally conservative President, Senate and House.
‘Thank God we have a fiscally conservative President, Senate and House.”
The biggest problem is we often have to select between the lesser of two evils. “Bad” (or at best, neutral), and “worse.”
It’s too bad we can’t split out the great things Trump has brought to the table and remove the silly and poor things. Makes it hard to defend to the folks in the middle the good things he does when they can just point at the silly.
But we have a central bank that can print all the money we need, it will be just fine, nothing to worry about.
A grave too deep to climb out of.
It’s too bad we can’t split out the great things Trump has brought to the table
The democrats are fully intent on driving us over the cliff because they think they will win the bankruptcy reorganization. That’s their pathway to socialism. Which will make everyone poorer except the political class, and the consolidation of power in the hands of the political class is the point of the exercise.
The GOP used to stand against this. Maybe it will again when Trump departs. But we used to have much more room for maneuver and for looking for win-win solutions, which take time. It’s going to be brutal when entitlements are cut, but they will be cut one way or the other.
Inflating our way out of debt doesn’t work when the structural deficit is driven by entitlements and entutlements are indexed.
Now there’s a solution. Just eliminate COLAs for Social Security and all public sector employee pension programs. Cap Medicare and Medicaid reimbursements at current levels while allowing private health insurance plans to adapt freely, with premium and benefit structures that are sustainable. Let the chips fall where they may.
The democrats are fully intent on driving us over the cliff
- - - - - - -
The Republicans are not very different. They are not willing to cut spending enough to avoid a crisis.
Maybe if we vote in Republican president, Republican House and Republican Senate they’ll offer a balanced budget.
Just kidding.
A grave too deep to climb out of.
Enjoy the times you are in, Commerce and Trade will continue as it always has.
Recognizing how and where Wealth moves to and from is the difference between Poverty and Prosperity.
Posted on 4/30/2026, 10:27:49 AM by thegagline
The U.S. national debt now exceeds 100% of gross domestic product, crossing a once-unthinkable threshold, on the way toward breaking the record set in the wake of World War II.
more...
It is possible to dig out.
In 1946 the National Debt to GDP ratio was 106%.
Year Debt / GDP
1946 106.1%
1950 78.6%
1955 55.8%
1960 44.3%
1965 36.8%
1970 27.1%
1974 23.2%
1980 25.5%
1985 35.3%
1990 40.9%
1995 47.7%
2000 33.7%
2005 35.8%
2010 60.6%
2015 72.2%
2020 98.7%
2021 97.2%
2022 95.8%
2023 97.2%
2024 99.6%
Recognizing how and where Wealth moves to and from is the difference between Poverty and Prosperity.
Thank you.
Between direct fraud, paying for people who aren’t supposed to be here, and throwing money overseas to buy non-existent loyalty and friendship, we could put things right at rapid pace again.
Unlike 1946 though we have all the Ds and many of the Rs tied into the waste, and they don’t want to vote to get rid of their own source of money and power. So not trivial but it’s possible, not hopeless. If Argentina can recover from 211% inflation we can fix this.
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.