In this year’s State of the Union address, Donald Trump promised to balance the federal budget “in the near future”.
We are not nearing that balanced future—the current Trump budget is racking up debt faster than last year’s:
The nonpartisan Congressional Budget Office (CBO) on Thursday released its monthly budget review for the month of June, which showed the FY2026 deficit was $1.373 trillion through the first nine months of the fiscal year.
That represents a $35 billion increase in the budget deficit compared with the same period a year ago. The larger deficit was the result of a larger increase in federal spending, which is up $178 billion from a year ago while tax receipts have risen $142 billion.
…Maya MacGuineas, president of the nonpartisan Committee for a Responsible Federal Budget (CRFB), noted in a statement that this year’s deficit has now surpassed the prior year’s deficit and it’s “likely to stay that way for the rest of the fiscal year.”
“We will likely borrow $2 trillion or more this fiscal year – an astounding figure given that the economy keeps growing and unemployment is low,” she explained. “This is likely the tip of the iceberg; borrowing will soar if policymakers fail to get our entitlements under control, enact further unpaid-for tax cuts or spending increases, and otherwise ignore the need to cut spending and increase revenues” [Eric Revell, “National Debt Interest and Entitlement Spending Push FY2026 Federal Budget Deficit Toward $2 Trillion,” Fox Business, 2026.07.10].
The national debt is getting worse under Trump, not better, but hey, Donald, by all means, keep focusing on a triumphal arch and lying about election fraud.
When you spend over a hundred billion with no end in site to achieve less than you had with Iran. Its hard, its a hard, its a hard reign gonna fall.
Thune? Rounds? Main Street? What say y’all? ……. (silence)! Yup, thought so…
Ask your AI, “Psychologically, why do politicians of both parties overspend?”
Trump, the fattest cat, is not full yet from blowing billions on a war of choice. He wants to empty the coffers and drain the accounts for him and his fellow Toms. It’s our money and we have no representation or accountability for where it’s going. We know where it’s not going and that’s back to us in the form of infrastructure, natural disaster assistance, health care, food, housing etc.
Trump does not have the Midas touch; he has perfected the art of the scam.
Senator Thune especially will wave the deficit reduction flag til his arms are so as soon as another Democrat is president. Look back at his record and a blind person can see this. When he first became a senator, the national debt was $8 trillion. This year it will hit $40 trillion. That’s quite a record for a self-proclaimed fiscal conservative.
Just embarrassing that South Dakota congressmen sit there and do nothing about this clown running the country into the ground. They even brag about his endorsement!
They probably even support his illegal, offensive, wars of aggression and oil pirating. Absolutely no ethics. Just shameful. F’n shameful.