Reposted by Gideon Lukens
We just got our fiscal report card back for FY2026 from
@USCBO and it's not good.
We estimate the U.S. brought in 16.7% of GDP in revenue and spent 19.4% of GDP on programs — producing a non-interest deficit of 2.6% of GDP.
Net interest came in at a record high 3.5% of GDP. 🧵