this post was submitted on 13 Feb 2026
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politics

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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.

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[–] Doomsider@lemmy.world 10 points 11 hours ago

Who would have thought the king of bankruptcy would have done this!?

[–] DarkFuture@lemmy.world 23 points 14 hours ago

Remember when conservatives at least pretended to be fiscally conservative?

Now it's 100% a bigot platform. No room left for pretending about actually governing.

[–] SabinStargem@lemmy.today 6 points 11 hours ago* (last edited 11 hours ago)

I swapped most of my savings to Euros instead of American Dollars. A member of my residence thinks that is a weird move. Hopefully, one of us will be wrong.

[–] A_Random_Idiot@lemmy.world 11 points 16 hours ago (1 children)

simple solution to fix social security, at least, is to remove the cap on contributions, so the billionaires can pay their share.

I dont know what the fuck we're gonna do about the debt though.

[–] chiliedogg@lemmy.world 10 points 13 hours ago (1 children)

Deficit spending has historically worked out well because the US has been able to borrow at a rate lower than inflation, making it actually cheaper to borrow money and pay it off later. The national debt isn't much of a concern unless we tank our credit and reputation.

So it's a huge fucking concern.

[–] MartianHills@lemmy.world 3 points 12 hours ago (1 children)

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.

[–] A_Random_Idiot@lemmy.world 6 points 11 hours ago (2 children)

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.

[–] Bullerfar@lemmy.world 3 points 11 hours ago

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.

[–] MartianHills@lemmy.world 1 points 11 hours ago

Yeah. The US will find itself on the outside looking in while global trade resets. Fast track to a pariah state.

[–] boaratio@lemmy.world 7 points 16 hours ago (1 children)

But think about all the bribes and money he was able to personally slurp up. Sure, we'll have to shoulder the burden as American citizens, but won't it be worth it if he can afford another golden toilet?

[–] Bullerfar@lemmy.world 3 points 11 hours ago

That is the right american mindset right there! USA is a great economy, as long as the 1% gets even more rich. When they get richer, the 99% gets more crumbs. As it should be.

[–] Nebraska_Huskers@lemmy.world 20 points 20 hours ago

I've given up people not being able to see evidence right in front of their faces or ignoring it just because it doesn't agree with their sense of reality it's just so enraging exhausting I'm so tired I just can't anymore if Republicans want to just burn everything to the ground fucking whatever. Even if dems gain control they're not going to do anything to reverse any of the damage he's done

[–] inclementimmigrant@lemmy.world 25 points 23 hours ago (2 children)

No worries, the genius American people will blame this on Obama.

[–] Tattorack@lemmy.world 11 points 19 hours ago

What will happen is that Americans will completely ignore this until a president of the opposite party gets elected and is left trying to fix this crap. Then suddenly it's like "look how incompetent this party is! We're so in debt right now!".

[–] AdolfSchmitler@lemmy.world 8 points 20 hours ago

That's exactly right. Assuming we get another election a dem will be in power when this shit starts hitting the fan so that's all maga will blame it on.

[–] Lushed_Lungfish@lemmy.ca 26 points 1 day ago (1 children)

How's all that winning going for you lot? Feel great yet?

[–] SaveTheTuaHawk@lemmy.ca 15 points 23 hours ago (1 children)

Wait until you see hyper-inflation!

"I'd like a Venti Lat-tahy"

[–] AdolfSchmitler@lemmy.world 6 points 20 hours ago

When burning your money makes more sense cuz firewood is too expensive, that's hyper-inflation lol.

[–] in_my_honest_opinion@piefed.social 130 points 1 day ago (3 children)

Running the US into the ground just like his businesses.

https://en.wikipedia.org/wiki/Kleptocracy

[–] Naz@sh.itjust.works 13 points 19 hours ago* (last edited 19 hours ago)

It's exactly what Warren Buffett said about him; an interviewer in 2016 asked: "What do you think about Trump winning the presidency, he's a businessman"

Buffett laughed and says: "Yeah, every business he has run, he run straight into the ground." (Still thinking it was a theoretical question)

Reporter goes: "Yes, but he is President Elect"

Buffett's smile just kinda melted as he realized the new "business" he would be running, was the U.S.

(The full interview is difficult to find, so I found a short one minute snippet remaining on YouTube)

[–] redsand 14 points 23 hours ago (1 children)
[–] in_my_honest_opinion@piefed.social 8 points 22 hours ago* (last edited 21 hours ago) (1 children)

I mean let's just put them together as what they truly are, since according to Bannon this all started from 4chan. Kekistocracy

[–] redsand 7 points 21 hours ago (1 children)

Watch the FBI know Q was Epstein or Bannon or Moot all along

[–] in_my_honest_opinion@piefed.social 5 points 17 hours ago (1 children)

Already happening so they can muddy the waters and spin off more conspiracy theories to discredit the Epstein Files already obtained. Just like the Fortnite account that's likely still being used by whoever took over Epstein's sex trafficking ring to recruit more children.

https://reason.com/2026/02/11/epstein-files-fbi-tracked-down-anonymous-4chan-conspiracy-theorist/

https://www.msn.com/en-us/news/crime/statement-announcing-epstein-s-death-was-dated-the-day-before/ar-AA1VVpnh

https://www.nbcnews.com/news/us-news/4chan-user-posted-about-jeffrey-epstein-s-death-it-was-n1041931

[–] redsand 5 points 17 hours ago (1 children)

I'm not even convinced he's dead anymore. We have a photo of him supposedly dead morticians are calling bullshit on and upon closer inspection of the notes photographed in his cell he seems to have been planning an escape. And more connections to the CIA and Israel as a cherry on top.

https://youtu.be/qSKeLdtBY-4

Would really love to know what is censored.

[–] in_my_honest_opinion@piefed.social 3 points 17 hours ago (1 children)

He's dead. Otherwise Ghislaine wouldn't have the leverage she does.

[–] redsand 2 points 16 hours ago (1 children)

There's specific note about a computer in palm beach with G next to it 😅

[–] in_my_honest_opinion@piefed.social 2 points 13 hours ago (1 children)

Alright, you're gonna believe what you're gonna believe. Just don't fall down any Qanon-like rabbit holes. Be well internet stranger.

[–] redsand 2 points 12 hours ago

Not high odds but it's now in the realm of possibility. 4chan.com/pol/ where Qanon originates was created the day Epstein met Moot and drove him home.

I'm not blindly believing I'm reading and watching people tear through millions of pages in parallel. I thought keeping him alive was silly until this morning. It way overcomplicates everything. And yet here we are

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[–] ssfckdt@lemmy.blahaj.zone 26 points 1 day ago (1 children)

He's balancing the budget. Fake news. And that ten million, he deserves it. And those children he had sex with, he only did it to get Epstein arrested. We know the snowflakes don't like it when we get upset at them not speaking the way we want. They need a safe space from us trying turn America into a place that is secure for white christian people to never be disagreed with or competed with. The bluehairs can't handle us wasting our gasoline we complained costs too much when we roll coal on them. Lol haha sorry libturds you can't call us names anymore.

[–] EightBitBlood@lemmy.world 3 points 16 hours ago

I sincerely hope this is satire because I've met people that think this way.

[–] TankovayaDiviziya@lemmy.world 35 points 1 day ago

Trump: Wanna see some magic?

MAGA: Sure.

Trump: Look over there it's an immigrant!

MAGA looks

Trump pickpockets

MAGA: Hey, where's my wallet?

Trump: Oh look, it vanished and it's now in my pocket! What a magic!

MAGA: You're so great!

[–] FancyPantsFIRE@lemmy.world 53 points 1 day ago (4 children)

I predict the administration will take this feedback and examine ways to… just kidding, there will be deranged posts, threats, and some kind of ham handed attempt to take over or disband the CBO.

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[–] 4am@lemmy.zip 32 points 1 day ago (2 children)

But I heard the SNP is $50,000! They just don’t wanna talk about that.

[–] CharlesDarwin@lemmy.world 28 points 1 day ago (1 children)

Blondi was talking about the Dow Jones when she was trying anything and everything to distract for her coverup on behalf of the Epstein Class.

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[–] rogsson@piefed.social 8 points 1 day ago

So what they’re saying is really this is Bidens and Obamas fault? Diaper Donnie had nothing to do with this surely. lol

[–] ExLisper@lemmy.curiana.net 12 points 1 day ago
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