US deficit hit $291B in July. That’s a $3.5 trillion yearly pace without a war or a recession. Just “normal” Washington spending.
https://www.cbo.gov/system/files/2025-08/61304-MBR.pdf
Tariffs brought in $25B. Trump called it “incredible revenue.” The same month, the government spent $630B. That’s pocket change against a tidal wave.
https://www.crfb.org/blogs/tariffs-are-generating-meaningful-new-revenue
Social Security payouts jumped $108B. Medicare and Medicaid climbed $141B. Interest on the debt is running at $1.01 trillion a year.
https://fiscaldata.treasury.gov/americas-finance-guide/federal-spending/
On August 7, tariffs jumped from 10% to 50% on goods from over 70 countries. The de minimis import exemption is gone. Transshipment penalties are now 40% with no appeal.
https://expresstradecapital.com/2025-us-tariff-updates-importers-guide/
Trump says tariffs will “cut the deficit.” The CBO says maybe $2.8T over 10 years—if the economy doesn’t shrink.
https://budgetmodel.wharton.upenn.edu/issues/2025/2/27/fy2025-house-budget-reconciliation-and-trump-tax-proposals-effects
CBO projects $2.8T annual deficits by 2029 even without a downturn.
https://www.cbo.gov/publication/61508
No one will name the agencies that burned through $630B in 31 days. No itemized list. No audit. Just silence.
https://www.govinfo.gov/content/pkg/BUDGET-2025-PER/pdf/BUDGET-2025-PER.pdf
Trump Deficit spending is skyrocketing
What the fuck is he doing? pic.twitter.com/REIwo6Dwyx
— Darth Powell (@VladTheInflator) August 13, 2025
The US collected a record $28 billion in customs duties in July 2025, which was 4x higher than the same month in 2024. pic.twitter.com/lXK9ReuZcB
— Charlie Bilello (@charliebilello) August 12, 2025
“$25B in tariffs, $630B in spending. That’s like bragging about finding a quarter while your house burns down.”
https://www.crfb.org/blogs/tariffs-are-generating-meaningful-new-revenue
“Tariffs are just another tax. They’re not saving us. They’re squeezing us.”
https://www.globalsources.com/knowledge/update-on-us-tariffs-new-regulations-take-effect-august-1/
The press calls it “record revenue.” The reality is a $3.5 trillion burn rate. Nobody’s asking what happens when interest payments pass defense. Nobody’s explaining how this pace ends without a crash.
The math doesn’t care about politics. It’s ugly. And they’re still smiling.
When Powell leaves as Chairman next year I’m absolutely terrified at what the Fed does next.
Trump is going to throw another Arthur Burns in there just like Nixon did and we are going to face an inflationary crisis.
I have zero confidence that anyone at the helm has a clue
— QE Infinity (@StealthQE4) August 12, 2025