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2026-10-21 Home Front: Politix

GOP Spending Swells US Deficit to Nearly $2 Trillion for 2026

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Posted by DooDahMan 2026-10-21 05:16|| E-Mail|| Front Page|| [79 views ] Top

1
A simple picture is worth a 100 words? The real problem is, BOTH political political parties in Congress, just write more loop holes for their biggest donors lifestyles. Plus funnel $$$$$ in directions that increase the US Deficit, while raking in $$$$ and/or employment opportunities for themselves or family.

The U.S. government has collected $5.40 trillion in taxes for fiscal year 2025-Oct 1st to Sept 30th 2026.
So the Wage/salary earners paid 52.66% of all collected Federal revenues or about 3.66% more than the previous year.
Which means Corporate America again paid LESS than the US wage/salary earners.

Now add State States, County Taxes, Metro, food, fuel/energy Medical, property and other taxes.
The average US wage earner is forking out around 50+% of total earned income.

So aren't we already working more than half our paychecks to pay for all the levels of Government, their waste, and taxes?

Posted by NN2N1 2026-10-21 07:58|| 2026-10-21 07:58|| Front Page Top

2 If there is never ending money for welfare and pork spending, then there is never ending money for social security. I reject their premise.

Posted by mossomo 2026-10-21 13:07|| 2026-10-21 13:07|| Front Page Top

3 The only way for a country to get $40 trillion into debt is if the people who manage the money are all a bunch of crooks.

Posted by Abu Uluque 2026-10-21 13:14|| 2026-10-21 13:14|| Front Page Top

4 FYI

There will be a COLA of 3.6% for recipients of
Social Security, Supplemental Security, Military Retired and CRCS Federal employees.

Some will get it on 31 Dec 26, others in Jan 27.

total of about 100 million people will get that (most are SSI recepients)

In addition there are many retired employees of State Govt, County Govt and Non Govt. who get the COLA per various contracts.

and, just to make sure people know, for many people, at least some of their SSI is taxable, in some cases as much as 85%.

Posted by Lord Garth 2026-10-21 20:10|| 2026-10-21 20:10|| Front Page Top

5 Corporate America again paid LESS than the US wage/salary earners.

In the end, every penny corporate America pays in taxes is passed through to the consumer in the price the company charges for its goods and services.

Posted by trailing wife 2026-10-21 21:02|| 2026-10-21 21:02|| Front Page Top

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