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U.S. budget deficit swells to almost $2 trillion for fiscal 2026, up 12% in a single year

Posted on 10/16/26 at 2:14 pm
Posted by j1897
Member since Nov 2011
5205 posts
Posted on 10/16/26 at 2:14 pm
Posted by moneyg
Member since Jun 2006
64556 posts
Posted on 10/16/26 at 2:15 pm to
quote:

Doge will fix it i'm sure.



Doge faced constant headwinds. Let that sink in. Clearly, a large contingent of politicians do not care about the deficit.
Posted by Lsut81
Member since Jun 2005
86347 posts
Posted on 10/16/26 at 2:17 pm to
Im tapped out on free CNBC articles... Care to share where the increases are coming from?
Posted by jrodLSUke
Premium
Member since Jan 2011
26628 posts
Posted on 10/16/26 at 2:18 pm to
House controls the purse; until we fix the House and get them to stop passing massive spending bills, this is not going to stop.
Posted by Jbird
Shoot the tires out!
Member since Oct 2012
93645 posts
Posted on 10/16/26 at 2:19 pm to
12 percent?

Or approximately or 22 billion

Posted by SlowFlowPro
With populists, expect populism
Member since Jan 2004
485839 posts
Posted on 10/16/26 at 2:20 pm to
quote:

Doge faced constant headwinds.

DOGE never had the ability to stop spending, and it found minutia on the fringe and non-fraud programs like USAID
Posted by JimEverett
Member since May 2020
2818 posts
Posted on 10/16/26 at 2:20 pm to
quote:

Im tapped out on free CNBC articles... Care to share where the increases are coming from?


Debt servicing and social security
Posted by SlowFlowPro
With populists, expect populism
Member since Jan 2004
485839 posts
Posted on 10/16/26 at 2:20 pm to
quote:

House controls the purse;

Trump signed the spending into law. The President has just as much ownership of the spending as Congress
Posted by JimEverett
Member since May 2020
2818 posts
Posted on 10/16/26 at 2:21 pm to
$220 billion
Posted by mwade91383
Washington DC
Member since Mar 2010
8202 posts
Posted on 10/16/26 at 2:23 pm to
If you really thought a 19yo named Big Balls was really going to fix our complex financial woes you got nobody to blame but yourself.
Posted by moneyg
Member since Jun 2006
64556 posts
Posted on 10/16/26 at 2:23 pm to
quote:

DOGE never had the ability to stop spending, and it found minutia on the fringe and non-fraud programs like USAID



It faced constant headwinds...politicians actively attempting to disrupt its efforts.

You can try and change the subject if you want.
Posted by Jbird
Shoot the tires out!
Member since Oct 2012
93645 posts
Posted on 10/16/26 at 2:23 pm to
Oops forgot muh 0
Posted by moneyg
Member since Jun 2006
64556 posts
Posted on 10/16/26 at 2:24 pm to
quote:

If you really thought a 19yo named Big Balls was really going to fix our complex financial woes you got nobody to blame but yourself.



Democrats unilaterally opposed DOGE's efforts. It cannot be denied.
Posted by mwade91383
Washington DC
Member since Mar 2010
8202 posts
Posted on 10/16/26 at 2:25 pm to
Republicans have complete control of every branch of government.

If they egregiously overpromised and woefully underperformed that’s not Dems fault.
Posted by Powerman
Member since Jan 2004
176488 posts
Posted on 10/16/26 at 2:25 pm to
quote:



Democrats unilaterally opposed DOGE's efforts. It cannot be denied.

DOGE never had a chance to make any meaningful impact

It's one of those ideas that we'll look back on and say "seemed like a good idea at the time"
Posted by theCrusher
Slidell
Member since Nov 2007
1862 posts
Posted on 10/16/26 at 2:25 pm to
and people are voting for free college, healthcare, etc

Neither party has the balls to cut a single government program. I guess there too busy accumulating vasts amounts wealth.
Posted by IMSA_Fan
Member since Jul 2024
989 posts
Posted on 10/16/26 at 2:26 pm to
They also opposed the massive tax cuts
Posted by JimEverett
Member since May 2020
2818 posts
Posted on 10/16/26 at 2:27 pm to
The deficit is over 6% of total GDP. So we need to grow the economy at a rate 7% or better to grow ourselves out of debt.
Posted by 3down10
Member since Sep 2014
42060 posts
Posted on 10/16/26 at 2:28 pm to
quote:

Doge faced constant headwinds. Let that sink in. Clearly, a large contingent of politicians do not care about the deficit.



Posted by moneyg
Member since Jun 2006
64556 posts
Posted on 10/16/26 at 2:29 pm to
quote:

Republicans have complete control of every branch of government.

If they egregiously overpromised and woefully underperformed that’s not Dems fault.



Democrats openly opposed and interfered in DOGE's efforts. That is a fact that was easily seen at the time and easily proven now.

You keep trying to pivot.
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