How’s the debt?

Well, Mr. Trump certainly roiled the waters when he brought in the Department of Government Efficiency, which began ruthlessly letting government employees go, and closing off funding for programs accused of being too woke. Thankfully, they ushered in an era of restraint in government spending and fiscal sobriety, right?

Eh, no.

Trump’s first year back in the White House closed with the U.S. national debt roughly $2.25 trillion higher than when he retook the oath of office, showing how fast Washington’s red ink is piling up even amid DOGE hype and promises to pay it down. Over the calendar year 2025, the growth in the national debt was even higher, some $2.29 trillion.

So we can assign some of the blame to Biden for about $40,000,000,000?

The total national debt has grown by $71,884.09 per second for the past year, according to Congressman David Schweikert’s Daily Debt Monitor

In terms of deficit reduction, the final monthly Treasury statement for FY 2025 (ending in September) showed a deficit of roughly $1.78 trillion, as compared to roughly $1.82 trillion for FY 2024.

Now, this is not to say Trump’s current folks are adding debt faster than anyone else has – that particular honor goes unsurprisingly to his FIRST administration, with a record year $4.6 trillion added in 2020. Remember, too, that was during Covid – the highest non-Covid year goes to Biden with $2,600,000,000,000.

Trump and Biden together own the top five highest-debt-incurring years, two for Trump and three for Biden, across five of the last six years. While the figures are not adjusted for inflation, by and large, Trump and Biden have roughly doubled the rate of debt accumulation under President Barack Obama and tripled, even quadrupled, the rate of growth under President George W. Bush, depending on which term you’re looking at.

Now, both Obama and Dubya had the 2008 recession to deal with, and the impact of their spending – particularly whether it was enough – is still being debated. What ISN’T debated, however, is that the interest alone on the current debt – just the vig – is costing us a trillion dollars a year. Let’s spell it out: $1,000,000,000,000.

Tariffs? The ones supposed to wipe out the national debt seemingly in seconds? Not hardly. They claimed $800,000,000,000 annually, right now the actual income is $300-400 billion.

As Trump retreated from many of his tariff threats—before the January 2026 spike that he threatened in relation to his desire for U.S. possession of Greenland—the CBO calculated that $800 billion of projected deficit reduction had also vanished.

At the same time, the administration has promised to share some of that tariff revenue directly with households through a proposed $2,000 “dividend” for every American, a pledge that independent analysts estimate could cost around $600 billion per year and further widen the deficit unless offset elsewhere. Fortune

Tell me again how buying Greenland can be easily done?

Category: "Your Tax Dollars At Work", Biden, DOGE, Donald Trump