Morningstar: Federal spending actually higher in 2025 than at same point in 2024

How much of this is caused by Biden Administration frickery at the end of that dumpster fire of a presidency?

My guess is the interest expense that continues to grow as money comes due and deficits widen, but I’d be interested in a breakdown.

congress controls the budget.
we are still operating on a budget from the last admin.
fiscal year ends in September. we'll see what kind of budget gets passed after that.

quote:

---

What is not clear is just how much DOGE has really cut. As things stand, it would seem that Elon has been exaggerating.

---

You could cut every federal employee and it wouldn’t put a dent in federal spending. Look at the budget, DOGE is a sideshow to divert your attention from the politicians setting the budget and spending the money.

And the amounts they put on their site are fairy tail numbers. Most of those employees and contracts have been rehired and reinstated.

quote:

---

congress controls the budget.

---

This, this, a thousand times this.

quote:

---

we are still operating on a budget from the last admin.
fiscal year ends in September. we'll see what kind of budget gets passed after that.

---

Trump is already supporting the senate spending plan which doesn’t decrease spending. But it will be blamed on Biden, immigrants, federal workers, some butcher in Montana that charges extra for pickles. Anyone and everyone but the people actually setting the budget and spending the money.

That's clearly clickbait. Spending is decided a year or so in advance. It takes some time to see the effects of spending cuts. I know that it is how it is in business, government is orders of magnitude larger, and it is going to take longer to see results.

Well, interest on $36T is damn expensive when rates inched forward. As of last week, we are officially at $37T.

I am just waiting for a failed treasury auction at this point. When that happens, well, hold on to your arse.