Posted on 08/18/2025 3:43:38 PM PDT by Angelino97
Didn’t I read the opposite a few days ago??
As long as Congress refuses to stop using baseline budgeting, we will not get control of our budgets.
Not too long ago, that figure would have been considered extremely high for an entire year. Goes to show how far the dollar has fallen. That math has us at around $3 trillion per year, beyond unsustainable.
IMO it's the most serious and growing threat to our well being, yet nobody in DC or our media seems concerned. Doesn't seem to be on the radar of the(very spendy) Trump admin.
Yes, someone posted an article saying that Trump’s tariffs would reduce the debt.
“IMO it’s the most serious and growing threat to our well being, yet nobody in DC or our media seems concerned. “
I guess you missed the BBB projected surpluses.
The administration is “hoping” for a rate cut. With the PPI still hot, rates are not likely to drop as quickly or as much as Trump wants.
But, Congress makes the budget. Most of this is on them.
Note: FY2025 began October 1, 2024, so...
Biden was the profligate spender through noon on January 20, 2025.
"Surpluses"... lol.
You're right, I totally missed that. So will everyone else.
Not really. Unless Congress can pass a VETO-proof budget, the President plays a big role in shaping the budget
I remember the budget battle in latter 1990s. Clinton wanted more spending, so he kept refusing to sign Gringrich's smaller budget. The government then "shut down."
Clinton blamed the shut down on Congress, because "They won't send me a budget I can sign."
That talking point spread. I remember people on the news blaming Gingrich for the shut down because "He won't send the President a budget that he can sign."
Gingirich blinked, and Clinton got the budget he wanted.
Trump can do the same if he wants. Presidents have a lot of power over the budget.
Pretty sure the vast majority of the spending going on now was approved by congress under Biden.
If spending is up, it ain’t Trump.
“You’re right, I totally missed that. So will everyone else.”
You have no faith in Trump?
It is in the interest of Congress to control spending.
It is not in the interest of congressmen.
If you're farming or trying to build anything, input costs - all costs really, except fuel - are just stupid right now.
Yep mostly Congress' fault, but it's past the point of fixing at this point anyway, even if they ever tried to cut spending, which they will never do.
So we'll fix this the hard way when our mass of largesse hits the fixed object of reality. Not sure when, or how it'll look, but it will be bad.
Huge increases in Socialist Security, Medicare, and the Department of Education (student loans) are the culprits.
The first two are automatic spending because of prior Congressional decisions.(Which is ridiculous)
The latter is the price paid for a continuation of the college industrial complex.
If spending is up, it ain’t Trump.
************
This is still the Biden budget.
Free Republic Trump haters don’t care..... they’re playing an angle.
Sooner or later our debt collectors are going to come a calling for us to pay them back.
Anyway you slice and dice it…the US is bankrupt
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