national debt crisis, monthly budget deficit, economic impact of tariffs
The United States is going to be trump’s 7th bankruptcy.
-Deficit increased by 20% MoM in July despite increased tariff revenue. A $291 billion deficit in one month.
-The national debt is now over $37 Trillion.
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— Maine (@TheMaineWonk) August 13, 2025
The United States is going to be Trump’s 7th bankruptcy
Recent discussions surrounding the U.S. economy have sparked concerns about a looming crisis, with claims that the United States is on the brink of Trump’s 7th bankruptcy. This alarming assertion comes in light of significant financial indicators that suggest a troubling trend for the nation.
Deficit increased by 20% MoM in July despite increased tariff revenue
In July, the monthly deficit surged by an astounding 20%, raising eyebrows and prompting questions about fiscal management. Despite an increase in tariff revenue, the United States recorded a staggering $291 billion deficit in just one month. This raises concerns among economists and citizens alike about the sustainability of such financial practices. The implications of these deficits can be far-reaching, affecting everything from social programs to national security.
The national debt is now over $37 Trillion
To add to the gravity of the situation, the national debt has now crossed the $37 trillion mark. This monumental figure is not just a number; it represents the financial obligations of the government and, ultimately, the taxpayers. As the debt continues to climb, many citizens are left wondering how this will impact their future and the economy as a whole. The rising national debt can lead to higher interest rates, reduced investment in public services, and increased taxes, all of which can adversely affect everyday Americans.
In summary, the alarming financial trends suggest that the United States is heading towards a critical juncture. With rising deficits and an ever-increasing national debt, the reality of Trump’s 7th bankruptcy may not be as far-fetched as it seems. It’s a pivotal moment for policymakers and citizens to engage in meaningful conversations about the nation’s financial future.