America's Deficit Reckoning: How the U.S. debt spiral could spark a crisis | Metals Mine

  • America's Deficit Reckoning: How the U.S. debt spiral could spark a crisis

    From cnbc.com

    Independent analyses – ranging from Yale University to the Wharton School to the Congressional Budget Office – have each said that President Donald Trump’s budget plan will add trillions of dollars to the U.S. deficit over the next 10 years. What’s at stake if the deficit continues on its upward trajectory? This year, the U.S. deficit is exceeding 6% of GDP, a level roughly 63% higher than the average in the past five decades. And unlike past spikes, the current one isn’t driven by war or economic crisis, leading many to raise concerns about why America might be playing with fire when it comes to its fiscal ...
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Trader#8A5F
Jul 7, 2025 6:49am
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I think both parties should get equal credit for the mismanagement.

It would appear that the groups that pull the strings don't care if everything blows up.
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Trader#7A2C
Jul 7, 2025 10:41am
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Congress controls federal government spending and has become addicted to deficit spending by creating and authorizing programs which are not specifically designated in the U.S. Constitution.

The national debt which now exceeds $36 trillion dollars, was only $9 trillion dollars at the the start of former President Obama's first term in 2008.
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Trader#2FDF
Jul 7, 2025 6:39am
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They don’t care one ler ……… zZZzZ
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Trader#8A5F
Jul 7, 2025 6:51am
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As long as the people in first class can live better than the people in the regular seats, they don't care if the jet crashes, or not.
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Trader#8A5F
Jul 7, 2025 6:54am
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The end must be getting close based on the gauge that measures how much of the problem is someone else's fault.
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Trader#5334
Jul 7, 2025 9:24am
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Funny CNBC all of a sudden cares about the deficit, I wonder why..... sure it has nothing to do with the fact their party isn't in the WH
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