"US 2026 Budget Deficit Hits $1.97 Trillion
With One Month Left; Interest At Record $1.4 Trillion"
by Tyler Durdin
Excerpt: "With DOGE disbanded more than a year ago, and tariffs struck down by the Supreme Court, the US is no longer even pretending that there is any hope to normalize spending, or any kind of happy ending to the US debt trajectory. At 2pm on September 11 the US Treasury published the latest, August, monthly budget deficit data, and it should come as no surprise to anyone that things are looking ever worse.
Total US receipts were $360 billion, a modest improvement from the $344 billion a year ago, with individual income taxes accounting for $179 billion, or half of the total, and the bulk of the balance coming from Social Insurance and Retirement receipts of $141 billion. On the spending side, things were ugly: total outlays were $527 billion, a modest improvement to the $689.1 billion a year ago, but much of that had to do with the calendar impact of tariffs.
Click image for larger size.
Putting receipts and spending in context, a chart of the trailing 6 months of government revenue and spending shows that the two trendlines are rapidly diverging, with spending on pace to surpass the covid all time high, even as government revenue remains stuck in a much more narrow range."
Full, most highly recommended article is here:
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Jeffrey Sachs, "The Collapse Already Begun..."
"The biggest financial risk isn't just inflation or a market crash. It's a world where major powers keep spending trillions of dollars preparing for a war that could destroy the global economy. The United States alone is running a massive military machine, spending roughly 1.5 trillion dollars a year while maintaining hundreds of overseas bases. And that spending doesn't happen in isolation. It adds pressure to government deficits, debt, taxes, and ultimately the financial system investors depend on."
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