Originally Posted by
Name User
Wait is that true? Last I saw was $1T budget deficit for the year. Holy ****!!
Yep, in late October, 2025 we crossed $38 trillion.
On March 18th, 2026 we crossed $39 trillion.
So in less than 5 months, we added $1 trillion.
If our debt rating takes a hit - likely as we go deeper into debt - the interest paid for additional borrowing increases. The more debt we have, the more difficult it becomes to climb out of it, and the more likely we are to add to it.
Metaphorically - a snowball rolling down a hill becomes increasing difficult to stop as it gathers both size and speed.
Here’s an article if you like:
https://finance.yahoo.com/economy/po...201328218.html