significant drag.
The massive import surge deducted 3.3% from overall GDP growth. Otherwise our 3rd quarter GDP growth would be 3.4%+3.3% =6.7%. If we can make half of those imports domestically produced, our economy will be much stronger and more self-sufficient.
American pie is becoming bigger under Trump.
unnecessary and non-fiduciary tax breaks for corporations and the wealthiest Americans that have exacerbated our National Debt...
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AI Overview
Annual U.S. federal interest payments have grown from approximately $432.6 billion at the end of fiscal year 2016 to over $1.05 trillion to $1.36 trillion (gross/net) in fiscal year 2026, driven by a ballooning national debt (surpassing $40 trillion) and higher borrowing interest rates.
Breakdown of Interest Expense Growth
• First Term (FY 2016 to FY 2020): Annual federal interest expense rose from $432.6 billion in fiscal year 2016 to roughly $508 billion–$574.6 billion.
• Second Term / Current Data (FY 2025–FY 2026): Net interest payments crossed the $1 trillion mark for the first time, reaching around $1.05 trillion net (and up to $1.36 trillion in gross interest costs) by fiscal year 2026 according to the U.S. Treasury Fiscal Data and Peter G. Peterson Foundation.
• Budget Impact: Interest payments have become the second- or third-largest federal spending category, now exceeding annual defense outlays
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Not what we needed from him...nor is this on-going drag of a war with Iran...No Thanks to voters such as yourself.