Welcome to usa bankruptcy

[Tom D]

The just can't stop using the credit card.

Led by Sen. Chuck Schumer (D-NY), Democrats are poised to shut down the federal government in the coming days, refusing to pass a seven-week stopgap funding bill to the Senate floor unless Republicans agree to a $1.4 trillion wish list.

Yes, Democrats are demanding that the GOP pass one of the most expensive spending bills in United States history, in exchange for funding the government for a singular month. A “deal” like this should be dead on arrival, but some Republicans have entertained negotiations with Democrats, signaling a willingness to make Joe Biden’s COVID-era Obamacare tax credits permanent — a $448 billion concession.

Fed government pensions aren't fully funded. That will also help end this country spending lifestyle.

 

[Tom D]

America is going broke, JPMorgan Asset Management’s chief global strategist David Kelly wrote in a note this week, but no one is panicking yet because the government is going broke slowly.

 

[ucbruin]

As many great and not so great coaches say after a tough loss....
1 play did not cost us the game....
Should never have allowed that play to cost us the game....

 

[J Grant]

If Trump had not starved our revenue twice in the first term and now again with tax cuts amounting to trillions in lost revenue, with benefits accruing mainly to the wealthy, we could afford to retain health care subsidies for working Americans. Which is what the democrats are holding out for.

Trump has zero plans to pay down the debt; his reduction of government services did not save enough to make them function as intended, and it looks like his tariffs are slowing the economy so much that any revenue from them is turning into a wash.

Trump added three trillion to debt in his first term Pre- pre-COVID, and post covid a total of approximately seven trillion. And you elected him to add trillions more this time. His BBB was predicted to add approximately 3 trillion to the debt. Of course, Trump will blame democrats - that is his brand, passing the buck, refusing to accept responsibility for his part in anything.

 

[alebrewer]

Trump added three trillion to debt in his first term Pre- pre-COVID, and post covid a total of approximately seven trillion.

Trump wasn't the prez post covid?

 

[J Grant]

Trump wasn't the prez post covid?

I break up his adding to the debt his first term into the pre cvid and post-COVID phases, figuring his supporters would say all his debt was due to covid. He was racking it up pre covid when the economy was supposedly booming. Trump called himself the king of debt during his RE years and he had multiple BK and massive losses ot prove it

 

[Charles West]

If Trump had not starved our revenue twice in the first term and now again with tax cuts amounting to trillions in lost revenue, with benefits accruing mainly to the wealthy, we could afford to retain health care subsidies for working Americans. Which is what the democrats are holding out for.

Trump has zero plans to pay down the debt; his reduction of government services did not save enough to make them function as intended, and it looks like his tariffs are slowing the economy so much that any revenue from them is turning into a wash.

Trump added three trillion to debt in his first term Pre- pre-COVID, and post covid a total of approximately seven trillion. And you elected him to add trillions more this time. His BBB was predicted to add approximately 3 trillion to the debt. Of course, Trump will blame democrats - that is his brand, passing the buck, refusing to accept responsibility for his part in anything.

Why do you think you are entitled to your own facts? Starved of revenue is nonsense as any boob with access to the Treasury website can tell you. Trying to maintain a narrative devoid of reality is a fools errand.

 

[J Grant]

Why do you think you are entitled to your own facts? Starved of revenue is nonsense as any boob with access to the Treasury website can tell you. Trying to maintain a narrative devoid of reality is a fools errand.

Use a differen
These are results for how much tax revenue starved by trump's tax cuts
Search instead for how much tax revenue starved by trumps tax cuts





AI Overview


Estimates from the Congressional Budget Office (CBO) and other organizations project that the individual tax cuts from the 2017 Tax Cuts and Jobs Act (TCJA) and additional proposals by Donald Trump could reduce federal revenue by more than $5 trillion over the next decade
. The specific amount depends on which temporary provisions are extended and how additional tax and spending changes are implemented.
Budgetary impact over the next decade (2025–2034)
Because most individual tax cuts from the TCJA are set to expire at the end of 2025, the revenue impact over the next decade depends heavily on whether they are extended.

• Cost of extending the TCJA: The Tax Foundation projects that making the expiring TCJA provisions—covering individual, estate, and some business taxes—permanent would reduce federal revenue by $4.5 trillion from 2025 to 2034. This would increase the national deficit by $5.4 trillion over the same period when accounting for higher interest costs on the debt.
• Cost of a new tax plan: Proposed legislation signed in July 2025, known as the "One Big Beautiful Bill Act," would make the 2017 tax cuts permanent and enact other tax changes. The Tax Foundation estimates this law will reduce federal revenue by $5 trillion over the next decade. The Congressional Budget Office estimates it will increase the deficit by $4.1 trillion, including interest costs.

Shortfall compared to earlier projections
The tax cuts have caused revenues to fall significantly below projections made before the TCJA was passed.

• Pre-TCJA vs. actual revenue: The Center for American Progress found that federal revenues in 2023 were 1.5 percentage points lower as a share of GDP than projections made prior to the tax cuts. This equates to a difference of over $800 billion annually, despite a richer economy and similar employment rates.
• No evidence of paying for itself: An analysis by the University of Chicago Booth School of Business concluded that the TCJA's revenue losses were not offset by increased economic growth. While the tax cuts did boost investment, they were not enough to make up for the substantial corporate tax revenue losses.
• Historic revenue lows: Federal revenues measured as a percentage of GDP are at historically low levels, given the current strength of the economy and high employment rates. This contrasts with pre-TCJA trends, where revenues consistently exceeded 19% of GDP during times of low unemployment.

Factors complicating revenue analysis
t term for it then. The facts are there.

 

[J Grant]

Committee for Responsible Govt ( wrt Trump's first term)

There are at least two ways to measure how much President Trump added to the debt – though coincidentally they lead to similar conclusions of about $8 trillion.

One way to measure how much President Trump borrowed is by estimating the debt accumulated over his presidency. Over the course of President Trump’s four years in office, the gross national debt grew from $19.95 trillion to $27.75 trillion – a $7.8 trillion increase (debt held by the public – the more economically-meaningful measure of debt – grew by $7.2 trillion over this period). However, much of this borrowing was due to policies put in place before President Trump took office or due to unexpected changes in circumstance. Debt was already projected to grow by about $3 trillion for the four years of his term when President Trump took office, and some of the additional debt accrued was also the direct result of the COVID-19 pandemic and recession. It’s also important to note that the government was holding an unusually large $1.6 trillion in cash when President Trump left office, which inflated the growth in debt relative to the deficit run during his time in office.

A better way to measure how much President Trump added to the