How President Trump’s plans will impact the US deficit | Metals Mine

  • How President Trump’s plans will impact the US deficit

    From think.ing.com

    US President Donald Trump's fiscal policies, including the One Big Beautiful Bill Act (OBBBA) and new tariffs, are set to have significant implications for the US federal deficit and overall economic growth. To begin with, the US fiscal position is not in a good place. Even after the Covid-related spike in borrowing during 2020-22, the US government continues to spend far more than it takes in through tax revenue. The Federal deficit is running at 6.7% of GDP, while net government debt [1], which was 35% of GDP 20 years ago, looks set to breach 100% of GDP this fiscal year.[2] Concerns about the fiscal trajectory are ... (full story)

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Vancarbon
Jul 10, 2025 11:45am
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At last , something to get into the thick headed brigade
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CycleGF
Jul 10, 2025 11:53am
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US is acting as if its in a War Zone, something is not right
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