Deficit Dreams vs Reality

Treasury Secretary Scott Bessent boldly promises a three-percent deficit by the end of Trump’s term, but the administration’s own projections show deficits above five percent through 2029—with interest payments alone projected to exceed defense spending by 2026 and hit $2.1 trillion by 2036. Experts warn that $2 trillion deficits are now the norm, not the exception, and the Social Security trust fund is expected to collapse by 2032, risking 28% benefit cuts. Meanwhile, a bipartisan House resolution calling for a 3% deficit by 2030 sits stalled in committee, while economists sound the alarm: we have roughly 20 years before the national debt threatens financial markets. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/b9ed43affa3d8019