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@justfairtruth.bsky.social

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  1. US BUDGET DEFICIT SOARS

    The deficit jumped 19% to $291B in July. This is despite $21B collected from Americans due to higher import taxes, which led to higher costs on goods like furniture, footwear, and auto parts.

    The deficit for 2025 is already $1.63 trillion, up 7% from the last year.

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  2. The U.S. government's gross national debt has climbed past $37T, a record-breaking milestone that underscores the rapid growth of America's fiscal obligations and the mounting cost pressures on taxpayers. The Treasury Department confirmed the figure Tuesday. www.newsweek.com/us-governmen...

    In January 2020, the CBO estimated that gross federal debt would not surpass $37 trillion until after fiscal year 2030.

    US debt reaches $37 trillion years before expected

    In January 2020, the CBO estimated that gross federal debt would not surpass $37 trillion until after fiscal year 2030.

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