https://www.reuters.com/world/us/us-...ws-2025-02-26/
Trump is spending more than ever 20% increase Y o Y.
https://www.reuters.com/world/us/us-...ws-2025-02-26/
Trump is spending more than ever 20% increase Y o Y. Originally Posted by Ripmany
“…higher spending on health and retirement programs and rising interest payments, Treasury Department spending records show.
Overall, the government spent about $710 billion between Jan. 21 and Feb. 20, Treasury daily spending data shows, up from the roughly $630 billion during a comparable period last year.
Independent budget experts said the figures illustrate the relentless pressures incurred by an aging population and a ballooning debt load.“
Not really his fault. All three of these he inherited and will get worse unless entitlement spending is cut. As well as interest rates… Originally Posted by Michael8219
“…higher spending on health and retirement programs and rising interest payments, Treasury Department spending records show.
Overall, the government spent about $710 billion between Jan. 21 and Feb. 20, Treasury daily spending data shows, up from the roughly $630 billion during a comparable period last year.
Independent budget experts said the figures illustrate the relentless pressures incurred by an aging population and a ballooning debt load.“
Not really his fault. All three of these he inherited and will get worse unless entitlement spending is cut. As well as interest rates… Originally Posted by Michael8219
Every POTUS from (at least) Obama onwards inherited a huge spending problem...but everyone kept on kicking the can down the road, including Trump during his first term. We didn't treat Social Security contributions like a piggy bank for the retired, but a like a slush fund raided for other expenditures. With all of the Baby Boomers now at retirement age (and the Gen X'ers approaching that time soon), there is going to be a massive budget deficit to service all those checks, if nothing is done. Maybe if we had term-limits on Congress, they'd start acting more responsible with the budget, rather than playing Santa Claus to keep getting re-elected.
However, making a determination that Trump is intending to spend more than Biden, based off the first month of his second term is a little silly and click-baity. Bump this thread in a year, and if the spending is similar to Biden's last year in office, then we'll have something to talk about. Originally Posted by SecretE
^^spending is only 40% of Trump's problem. 60% will be a lack of revenue. his tax cuts will be a cancer on the Republic. we need an adult in the room. Originally Posted by pxmcc