Tariffs under Mr. Trump have brought about a surge in revenue, with analysts projecting gains in the $150–250+ billion range. While these figures are impressive, they are often inflated, with exaggerated claims of trillions being collected and use of the proceeds suggested for multiple purposes.
Tag: deficit
Gross National Debt Reaches $39 Trillion
As the U.S. debt approaches $40 trillion, experts urge immediate policy changes to prevent economic instability and maintain investor confidence.
For those who like to look at monthly economic data – budgets and deficits, consider this longer term outlook.
The CBO unveils a fiscal cliff: Debt hits 120% of GDP by 2036, with deficits soaring past $3 trillion. Spending races revenue, and trust funds face meltdowns. Will we dodge disaster?
Taxes and reality
Forget myths about rich tax evaders or foreign theft—Americans face a national debt of $38.6 trillion, with $30.9 trillion owned by foreign entities. As the clock ticks toward Social Security and Medicare insolvency, the real question looms: who will pay?
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