Drudge Retort: The Other Side of the News
Friday, August 21, 2026

In 2000, we ran a surplus budget. One generation later, we're $40 Trillion in debt, and the annual service on that debt is now more than we spend on Defense.

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Surprise, surprise! The authors seem to trace a large percentage to tax cuts.

#1 | Posted by Danforth at 2026-08-21 03:20 AM | Reply

Maybe this is a good time to bring up the fact trillions of dollars of tax cuts were expiring, and the OBBB extended them.

And, of course, whenever you're running a deficit budget, and choose to extend otherwise expiring tax cuts, that represents 100% new, additional borrowing. Extending the expiring cuts will cost over $2 trillion, plus service costs, of course.

All newly borrowed, and almost all to give away in tax cuts to the world's wealthiest.

#2 | Posted by Danforth at 2026-08-21 03:24 AM | Reply

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