Donald Trump has repeatedly pledged to slash the national deficit and curb debt during his second term, but a sobering assessment of the nation’s financial health by one of the federal government’s premier fiscal watchdogs suggests Trump 2.0’s policies have not only collectively pushed the federal deficit significantly higher, but put the country on an unsustainable path.
In its latest budget and economic outlook, the Congressional Budget Office (CBO), a nonpartisan federal agency, revised its cumulative deficit projection for the 2026–2035 period upward by $1.4 trillion compared with its forecast from just a year ago.
“Our budget projections continue to indicate that the fiscal trajectory is not sustainable,” CBO Director Phillip Swagel said in a statement, noting the agency’s latest projections. Under laws passed in Trump’s first year back in office, the national debt in 2030 will surpass the historic high of 106% of GDP, which it reached in 1946. Meanwhile, the balance of Social Security’s Old-Age and Survivors Insurance Trust Fund will be exhausted in 2032, one year earlier than the CBO projected last January.
My understanding is that our debt burden now equals our GDP with interest payments about 1 trillion dollars annually. Looks like we’re headed into a debt spiral with an economy stalling. Not an economist, but it seems like a worst-case scenario.
Thats okay, we’re also tariffing the fuck out of everyone and alienating any and every trading partner to the point they are seeking to replace us with alternatives.
Surely that will fix everything.
Yeah. The US will find itself on the outside looking in while global trade resets. Fast track to a pariah state.
Yep. Everyone is in the “get out” - phase right now. Tariffs was a weapon for economic war against another country. Trump uses it on allies. Your president and vice president, litterally calling EU blood suckers, and blames us for your horrors. Even though we litterally only bought american tech, infrastructure, militiary equipment, entertainment, etc. To please the united states for keeping us safe. Now you say we gave you Nothing back. This is not a great way of treating trading partners.