The US budget deficit is large, and forecasters expect it to increase further.
The U.S. budget deficit under President Trump will remain at just under $2 trillion in fiscal year 2026, and is expected to rise by $24 trillion over the next decade, according to new data from the Congressional Budget Office.
President Trump’s tax bill would support small businesses with expanded tax credits and write-offs, but the Republican bill would increase federal borrowing by about $5 trillion.
While Congress isn’t listening to economists who say we need to cut spending, most Americans agree that something needs to be done.
A new survey by the National Taxpayers Union (NTU) has found that an overwhelming majority of voters believe the country is in a crisis of affordability and that cutting government spending is the most effective way to contain the national debt and reduce costs.
The survey consisted of 800 registered voters, of whom 38% identified themselves as Republicans, 35% as Democrats, and 25% as independents.
result:
89% of voters believe the United States is facing an affordability crisis.
88% say the $37 trillion national debt will ultimately have a real impact on them and their families.
When asked how to reduce debt, the majority (54%) said cutting government spending was the best way. 32% said they were in favor of economic growth, and 13% were in favor of tax increases.
Voters surveyed said there was a direct link between fiscal policy and rising prices.
Affordability crisis.
74% agreed that cutting government spending and reducing the national debt is one way to lower prices.
“Americans understand that federal overspending has consequences and families are paying the price,” said Pete Sepp, president of the National Taxpayers Union.
