The Deficit Deflection: Why Congress Can't Resist Its Own Dysfunctional System The latest Monthly Budget Review from the Congressional Budget Office reveals a staggering $955 billion deficit over just seven months of fiscal 2026, putting the full year deficit on track to exceed $1.
9 trillion. This is not an unusual development; rather, it's business as usual for a government that seems to have an insatiable appetite for debt. Taxpayers should be concerned about this state of affairs.
A significant portion of their taxes – 22. 2% – goes toward paying interest on government debt, with $628 billion in interest payments so far this year.