In fiscal year 2026, the U.S. federal government brought in about $5.4 trillion in revenue and spent about $7.4 trillion, with the deficit widening 12% year over year.
In other words, the U.S. government spent nearly $2 trillion more in a year than it took in.
What’s even more concerning is that federal debt held by the public is now equivalent to 100% of U.S. GDP for the entire year, while net interest payments have reached about $1.1 trillion.
This means the U.S. has to borrow not only to cover new deficits, but also to keep paying interest on its past debt. Massive deficits are becoming the norm.
But as long as the economy keeps growing and markets are still willing to buy U.S. Treasuries, the system can keep running. When the debt keeps piling up and the avalanche comes, who knows how many people will suffer~
$BNB
In other words, the U.S. government spent nearly $2 trillion more in a year than it took in.
What’s even more concerning is that federal debt held by the public is now equivalent to 100% of U.S. GDP for the entire year, while net interest payments have reached about $1.1 trillion.
This means the U.S. has to borrow not only to cover new deficits, but also to keep paying interest on its past debt. Massive deficits are becoming the norm.
But as long as the economy keeps growing and markets are still willing to buy U.S. Treasuries, the system can keep running. When the debt keeps piling up and the avalanche comes, who knows how many people will suffer~
$BNB
