Today’s Monthly Treasury Statement reflects what I’ve been saying: Strong private sector led growth alongside constrained federal spending means the deficit to GDP will take care of itself.
FY 2025’s deficit to GDP is now projected to be under 6%. And with continued fiscal restraint, we can reach 3% by 2028.
September’s monthly surplus of $198 billion was the largest surplus of any September on record and 147% higher than last year.
I’d love to stand here and tell the American people “we can cut your taxes and increase spending and everything will be fine.”
But I can’t because I’m here to deliver a dose of reality about the ticking debt bomb known as the “Big Beautiful Bill.”
Been tracking ChatGPT’s consumer adoption curve. It’s now topping anything from peak Google, Facebook, or Amazon. If it keeps up, @sama ‘s OpenAI will redefine Big Tech itself.
The U.S. collects $4.5T of income tax per year.
The U.S. imports $3.8T per year.
We’d have to self tax our imports at 120% to replace income tax with tariffs.
Would you prefer your cost of living double in order to not pay any more income tax?
I have a dumb bitcoin/crypto question. If the point of Bitcoin is to be independent of the US Dollar and non regulated why does it basically trade exactly like the Us stock market nowadays? Market up bitcoin up. Market down bitcoin down.