this post was submitted on 13 Feb 2026
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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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[–] in_my_honest_opinion@piefed.social 130 points 2 weeks ago (3 children)

Running the US into the ground just like his businesses.

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

[–] redsand 14 points 2 weeks ago (1 children)
[–] in_my_honest_opinion@piefed.social 8 points 2 weeks ago* (last edited 2 weeks 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 2 weeks ago (1 children)

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

[–] in_my_honest_opinion@piefed.social 5 points 2 weeks 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 1 week ago (4 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.

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[–] Naz@sh.itjust.works 13 points 2 weeks ago* (last edited 2 weeks 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)

[–] wonderingwanderer@sopuli.xyz 11 points 2 weeks ago

Didn't putin do something similar while seizing power?

[–] FancyPantsFIRE@lemmy.world 53 points 2 weeks ago (2 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.

[–] joekar1990@lemmy.world 19 points 2 weeks ago

Don't forget the 1000 mentions of passing the blame to Biden and how much they have to spend to revive the country or something like that.

[–] somethingsnappy@lemmy.world 9 points 2 weeks ago (2 children)

I know people in the CBO. They are... bean counters. Very very good bean counters. But, maybe even easier to fascist away than the Fed.

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[–] TankovayaDiviziya@lemmy.world 35 points 2 weeks 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!

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

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

[–] CharlesDarwin@lemmy.world 28 points 2 weeks 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.

[–] manxu@piefed.social 10 points 2 weeks ago

That rant was very powerful and scary. Fortunately, she was playing to Trump and not giving us her best impression of Lawyer. Unfortunately, the fact this is what the President of the USA wants to see terrifies me.

[–] realitista@lemmus.org 5 points 2 weeks ago

It's not any more...

[–] ssfckdt@lemmy.blahaj.zone 26 points 2 weeks 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.

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[–] Lushed_Lungfish@lemmy.ca 26 points 2 weeks ago (1 children)

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

[–] SaveTheTuaHawk@lemmy.ca 15 points 2 weeks ago (1 children)

Wait until you see hyper-inflation!

"I'd like a Venti Lat-tahy"

[–] AdolfSchmitler@lemmy.world 6 points 2 weeks ago

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

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

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

[–] Tattorack@lemmy.world 11 points 2 weeks 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 2 weeks 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.

[–] DarkFuture@lemmy.world 23 points 1 week 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.

[–] Nebraska_Huskers@lemmy.world 21 points 2 weeks 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

[–] Bustedknuckles@lemmy.world 20 points 2 weeks ago (1 children)

My bet is that as the economy falters further and the world abandons US treasuries, he's going to make things even worse with QE and forcing rate cuts. Problem is that I have no idea what to do with that prediction. Plant beans and stock up on iodine?

[–] ARealAlaskan@lemmy.ca 16 points 2 weeks ago* (last edited 2 weeks ago) (7 children)

I am investing in ways to make my future costs lower. For example, I have solar on my house. It covers about half of my bill, and will for the foreseeable future. I am looking into additions to solar, as I live in Alaska, and need to figure out winter times.

I am looking into heat pumps, they aren't great for dead of winter, but they might eliminate shoulder season heat costs.

We buy the best quality, and locally produced food and goods we can, to help support our health and our community resilience.

Buy once, cry once, whenever we can, because replacement of stuff will be harder.

We live beneath our means, and take the money we save being boring and pay off debt, so that we truly own what is ours, because someday, paying a mortgage or for a vehicle, might be too difficult.

Practice using what you have, instead of buying stuff to solve your problem. Ingenuity is something that can be learned and practiced, but isn't something that comes naturally to people.

Learn to make stuff, or about your surroundings. If you live in a place you can forage, learn about what you can eat in your area to supplement what you have to buy.

Plan to be a poor person, because that is a situation that is likely, and that you can survive.

Most people will not make it, if we wind up in a situation where you are dependent on what you plant, and goods you stock up on. That stuff is just prolonging the inevitable. Total independence is just not a thing most people are prepared for mentally, or have the skills to pull off. So, prepare for a future where luxuries are limited, material goods are in short supply, and you have to figure out how to make do with what you have.

[–] CharlesDarwin@lemmy.world 8 points 2 weeks ago (3 children)

For example, I have solar on my house.

I was looking at the same. Some naysayer I know was saying it would never pay back before the panels "failed".

Of course, he was assuming that the panels would fail with 100% certainty at a certain period of time. He was also assuming that electricity costs are going to stay stagnant. If I have a battery backup installed, that obviously rejiggers things, and I'm assuming they not last very long, either at least when it comes to the timelines one talks about in regards to things like houses.

I am definitely not going to assume that, LOL. That hasn't even been true in the past year alone, nevermind what some of the more negative predictions have for how costs will be impacted by things like data centers.

[–] regedit@lemmy.zip 7 points 2 weeks ago (2 children)

Added solar to my house in 2018. Took out loan for over $20k, had it paid off in a year or two thanks to the SRECs generated by the wHs of the array. Doubt anyone in US could see that now under this clean coal regime, but it could be done well before the conveyed panel efficiency bullshit that likes to be thrown around. Technology Solutions on YT had a video recently that absolutely destroyed a bunch of the common detractors that like to be thrown around.

I can link the SolarEdge page for my array a little later today to show what a 7.2 wH (I think) system produces over 6-ish years, if it helps.

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[–] ARealAlaskan@lemmy.ca 6 points 2 weeks ago (1 children)

Yep, the 'payoff time' on mine is long, but I am betting they last much longer than that, and that energy prices won't scale normally. I really want sodium ion batteries to work out, but they are sounding less promising.

We have a big natural gas shortage looming here, and most homes are heated with it. Such an obvious thing to be trying to prepare for, sure heat pumps won't heat all winter here, but... If I can generate heat using my free electricity 2 or 3 of the months needing heat a year, that is a permanent discount, that only gets better as costs go crazy. People around me don't really seem to be thinking this way.

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[–] ExLisper@lemmy.curiana.net 12 points 2 weeks ago
[–] A_Random_Idiot@lemmy.world 11 points 1 week 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 11 points 1 week ago (4 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.

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[–] Doomsider@lemmy.world 10 points 1 week ago

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

[–] rogsson@piefed.social 9 points 2 weeks ago

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

[–] webghost0101@sopuli.xyz 8 points 2 weeks ago (2 children)

There is a lot of things I blame neo hitler for but “ the US on an unsustainable fiscal path” is something that has been true for decades, and is more a global consequence of capitalism itself.

[–] GardenGeek@europe.pub 8 points 2 weeks ago

While you're right this unsustainable way up until now was hedged in by worries about long term stability... something the orange doesn't concern itself about.

[–] realitista@lemmus.org 5 points 2 weeks ago* (last edited 2 weeks ago) (1 children)

Well how this is supposed to work is to borrow in bad times and pay it back in good. Clinton, to his credit did do this. Trump did the complete opposite in his first term. And the main reason we are in bad times now is because of him.

[–] captainlezbian@lemmy.world 6 points 2 weeks ago

Yeah, the new deal was a prime example of it working. When there's no work because nobody has any money to spend because there's no work like in the great depression the government taking out loans to hire a bunch of people to improve the country in various ways is a great investment. It breaks the deadlock. But if you don't take it back out of times where the economy can handle some slowing you just get inflation and you lose your control lever for when the economy slows down. High highs cause low lows, and while nobody likes the economy slowing down (hence why presidents stopped doing it) people prefer a stable economy with lessened booms and busts

[–] boaratio@lemmy.world 7 points 1 week 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?

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[–] frustrated_phagocytosis@fedia.io 7 points 2 weeks ago (1 children)

Of course the GOP will insist the solution is more cutbacks to benefits and mass deportations.

[–] CharlesDarwin@lemmy.world 5 points 2 weeks ago

They've been doing the starve the beast scam since forever.

[–] SabinStargem@lemmy.today 7 points 1 week ago* (last edited 1 week 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.

[–] CharlesDarwin@lemmy.world 5 points 2 weeks ago

So fElon's illegal and fake "doge" didn't dismantle CBO? Seems like an oversight.

[–] minorkeys@lemmy.world 5 points 2 weeks ago

Yeah, he lies all the time. You idiots can't seem to figure out what to do about it.

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