Fiscal Irresponsibility 42, US debt and budget deficit

The US' public debt should touch $40 trillion next week, already $39.9 trillion last Thursday.

Its budget deficit/GDP ratio is 6% average for 2023-2025. Chart from Trading Economics.

The quagmire that Trump has entered in the Middle East will tie up more US military and public spending for months to come.

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See also:

Fiscal Irresponsibility 39, Trump's plan of zero income tax below $150,000/year, March 15, 2025

Fiscal Irresponsibility 40, US public debt now rising by an average of $5.3 billion a day, September 19, 2025

Fiscal Irresponsibility 41, US public debt now rising by an average of $20 billion a day, October 25, 2025