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Key:
Admin,
Global Mod,
Mod
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Joined: Aug 2001
Posts: 81,882 Likes: 513
GUVNER
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GUVNER
Joined: Aug 2001
Posts: 81,882 Likes: 513 |
Everything is fine. We're doing great! BREAKING: The US Government officially posts its largest July budget deficit in history, at -$432 billion, due to an acceleration in federal spending.
Interest on US debt rose +$26 billion from last July's levels to an alarming $118 billion for the month.
This puts total interest expense for FY2026 up to $1.17 trillion in FY2026.
As a result, interest expense has officially surpassed both National Defense and Medicare spending.
In other words, the US government now spends more money just on interest than it does to fund the entire US Military or to provide healthcare for seniors.
We cannot afford higher interest rates. https://x.com/KobeissiLetter/status/2087890009277833590
"Never Trust Government" -- Smart people.
"The Great thing we should Fear and the Weird Thing we Trust is Elon Musk" -- Me
"You can be broke but you cant be poor." -- Ruthie-May Webster
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Joined: Feb 2002
Posts: 46,054 Likes: 232
Freak of Nature
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Freak of Nature
Joined: Feb 2002
Posts: 46,054 Likes: 232 |
So, whatchu gonna do about it?
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Joined: Aug 2001
Posts: 81,882 Likes: 513
GUVNER
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GUVNER
Joined: Aug 2001
Posts: 81,882 Likes: 513 |
So, whatchu gonna do about it? I'm going to be a responsible citizen and donate all my earnings and wealth to the government to help pay off this catastrophe. 
"Never Trust Government" -- Smart people.
"The Great thing we should Fear and the Weird Thing we Trust is Elon Musk" -- Me
"You can be broke but you cant be poor." -- Ruthie-May Webster
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Joined: Nov 2005
Posts: 8,203 Likes: 113
14 point
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14 point
Joined: Nov 2005
Posts: 8,203 Likes: 113 |
When will DOGE be paying it off?
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Joined: Oct 2008
Posts: 31,581 Likes: 136
Grumpy Old Man
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Grumpy Old Man
Joined: Oct 2008
Posts: 31,581 Likes: 136 |
Your source is some propaganda machine from tweeter?
Got it.
According to the US dept of treasury January and April were both above 500B and June was 495B. So this is the highest deficit in July.
Whoopi whoop.
I hate making a good first impression. There’s no way I can keep that shit up.
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Joined: Oct 2008
Posts: 31,581 Likes: 136
Grumpy Old Man
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Grumpy Old Man
Joined: Oct 2008
Posts: 31,581 Likes: 136 |
historical Context of Record Deficits
June 2020: Peak monthly deficit of $864 billion (the largest ever recorded in a single month).
April 2020: Previous monthly record high of $738 billion, set during the initial wave of pandemic shutdowns and emergency aid packages.
March 2021: Reached $660 billion, driven by subsequent economic stimulus checks and relief packages.
July 2026: Reached $432 billion, representing the highest monthly deficit level seen in over five years, influenced by significant shifts in outlays and spending
I hate making a good first impression. There’s no way I can keep that shit up.
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Joined: Aug 2001
Posts: 81,882 Likes: 513
GUVNER
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GUVNER
Joined: Aug 2001
Posts: 81,882 Likes: 513 |
The primary source is the U.S. Department of the Treasury’s Monthly Treasury Statement (MTS) for July 2026, released by the Bureau of the Fiscal Service on August 12, 2026. Bloomberg, Reuters, and every other news service compiled that propaganda from the government.
"Never Trust Government" -- Smart people.
"The Great thing we should Fear and the Weird Thing we Trust is Elon Musk" -- Me
"You can be broke but you cant be poor." -- Ruthie-May Webster
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Joined: Oct 2008
Posts: 31,581 Likes: 136
Grumpy Old Man
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Grumpy Old Man
Joined: Oct 2008
Posts: 31,581 Likes: 136 |
Right. But they are touting it as some horrible record breaking deficit.
It is not even close.
I hate making a good first impression. There’s no way I can keep that shit up.
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Joined: Feb 2002
Posts: 46,054 Likes: 232
Freak of Nature
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Freak of Nature
Joined: Feb 2002
Posts: 46,054 Likes: 232 |
Right. But they are touting it as some horrible record breaking deficit.
It is not even close. Dammit, Mark! You're clearing up the muddy water and that is NOT the new way things are done around here. Gloom and Doom are required to carry the day. You need to fall in line!
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2 members like this:
leroycnbucks, Out back |
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Joined: Aug 2001
Posts: 81,882 Likes: 513
GUVNER
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GUVNER
Joined: Aug 2001
Posts: 81,882 Likes: 513 |
Like I said. Everything is Fine, We're doing great!
"Never Trust Government" -- Smart people.
"The Great thing we should Fear and the Weird Thing we Trust is Elon Musk" -- Me
"You can be broke but you cant be poor." -- Ruthie-May Webster
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Joined: Jan 2022
Posts: 4,229 Likes: 163
10 point
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10 point
Joined: Jan 2022
Posts: 4,229 Likes: 163 |
Trump himself is responsible for 20% of the entire national debt. Not bad for a man who claims to be cutting waste and regulations!
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Joined: Oct 2010
Posts: 1,952 Likes: 4
8 point
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8 point
Joined: Oct 2010
Posts: 1,952 Likes: 4 |
They just keep spending and spending…
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Joined: Jan 2013
Posts: 20,344 Likes: 28
Freak of Nature
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Freak of Nature
Joined: Jan 2013
Posts: 20,344 Likes: 28 |
Still the best President of my lifetime.
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Joined: Nov 2005
Posts: 8,203 Likes: 113
14 point
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14 point
Joined: Nov 2005
Posts: 8,203 Likes: 113 |
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Joined: Sep 2003
Posts: 13,169 Likes: 196
Doing the best I can.
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Doing the best I can.
Joined: Sep 2003
Posts: 13,169 Likes: 196 |
Still the best President of my lifetime. I liked Reagan better but my lifetime might include a few more years than yours. 
The true mark of a man is not how he conducts himself during times of prosperity, but how he conducts himself during times of adversity.
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Joined: Aug 2001
Posts: 81,882 Likes: 513
GUVNER
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GUVNER
Joined: Aug 2001
Posts: 81,882 Likes: 513 |
Still the best President of my lifetime. I liked Reagan better but my lifetime might include a few more years than yours. Why doesn't anybody talk about Gerald Ford? He was alright, he didnt make things any worse than they already were.
"Never Trust Government" -- Smart people.
"The Great thing we should Fear and the Weird Thing we Trust is Elon Musk" -- Me
"You can be broke but you cant be poor." -- Ruthie-May Webster
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Joined: Nov 2005
Posts: 8,203 Likes: 113
14 point
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14 point
Joined: Nov 2005
Posts: 8,203 Likes: 113 |
At least Trump is getting his name back on the Kennedy center. I’m so proud of him. It’s great to have a president that focuses on the important things
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Joined: Oct 2008
Posts: 31,581 Likes: 136
Grumpy Old Man
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Grumpy Old Man
Joined: Oct 2008
Posts: 31,581 Likes: 136 |
I hate making a good first impression. There’s no way I can keep that shit up.
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1 member likes this:
cartervj |
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Joined: Jan 2005
Posts: 25,132 Likes: 143
Freak of Nature
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Freak of Nature
Joined: Jan 2005
Posts: 25,132 Likes: 143 |
They just keep spending and spending… It's only a problem when democrats do it. Just look the other way like a good republican should...
" I do view Jim Waltz as a really good Presidential candidate"
Bama_Earl
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1 member likes this:
Backwards cowboy |
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Joined: Jan 2014
Posts: 1,085 Likes: 60
6 point
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6 point
Joined: Jan 2014
Posts: 1,085 Likes: 60 |
Outback, I know the chiggers are bad this year, but if you spray your clothes with permethrin you won’t have to constantly scratch that itch. I just hate to see you suffering
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