Another scam – rebate checks

Americans are being played for fools and apparently many are.

Rebate checks from tariffs – tariffs which are taxes increasing the cost of doing business for companies and the cost of goods to Americans.

Reduce debt but also increase it with irresponsible tax reductions. Get it? It’s a big beautiful game, a shell game, a farce.

President Trump has recently discussed the idea of sending rebate checks (potentially $1,000–$2,000 per person) to Americans, funded by revenue from tariffs on imports. That’s between $340 and $680 billion possible rebates (that should go to debt reduction – actually should not exist in the first place.

Treasury projects calendar-year 2025 tariff tax totals could hit $280 billion, with FY 2026 at $250 billion if volumes stabilize.

He described it as “almost like a dividend to the people of America,” while prioritizing debt reduction first.

Do the math😢

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Current US Federal Deficit

The federal budget deficit represents the amount by which government spending exceeds revenues in a given fiscal year (FY). FY 2025 runs from October 1, 2024, to September 30, 2025. As of early October 2025, the fiscal year has just ended, and final figures are being compiled. Based on the most recent data:

• Through the first 11 months (October 2024–August 2025), the cumulative deficit totaled $2.0 trillion, which is $92 billion higher than the same period in FY 2024 (adjusted for timing shifts in payments).

• The Congressional Budget Office (CBO) projects the full-year FY 2025 deficit at $1.8 trillion. This estimate incorporates actual data through August 2025 and projections for September, including a $130 billion reduction in outlays from federal student loan modifications under the 2025 reconciliation act. (An earlier January 2025 CBO projection was $1.9 trillion, revised downward slightly based on updated data.)

• For context, August 2025 alone saw a monthly deficit of $345 billion, down $35 billion from August 2024, driven by higher receipts from tariffs and income taxes.

This deficit is on track to be the largest outside the COVID-19 era, influenced by legislation like the One Big Beautiful Bill Act (H.R. 1), which added to spending on defense and border security while cutting taxes and certain programs.

Current US National Debt

The national debt is the total accumulation of past deficits, including both debt held by the public (e.g., Treasury securities owned by investors) and intragovernmental holdings (e.g., owed to Social Security trust funds). It is updated daily by the US Treasury.

• As of September 4, 2025, the gross national debt stood at $37.43 trillion, up $2.09 trillion from the prior year.

• Earlier snapshots: $37.00 trillion as of August 13, 2025, and approximately $36.4 trillion as of March 6, 2025.

• The debt limit was increased by $5 trillion in July 2025 via H.R. 1 to avoid default, with the CBO estimating this and related policies will add $3.4 trillion to deficits over the next decade.

• Debt held by the public is projected to reach 100% of GDP in FY 2025, rising to 118% by 2035.

Interest payments on the debt are a growing concern, exceeding spending on Medicare or defense in recent years and projected to hit $1 trillion annually soon.

For the absolute latest daily debt figure, check the Treasury’s Debt to the Penny dataset, last updated October 3, 2025. Final FY 2025 deficit data will be available in the Monthly Treasury Statement later this month.