"The Committee for a Responsible Federal Budget (CRFB), Washington, D.C.'s leading nonpartisan budget watchdog, has sharply criticized the recent government shutdown as "pointless and wasteful" while unveiling the staggering $1.8 trillion federal deficit for the fiscal year 2025. This fiscal gap, reported by the Congressional Budget Office (CBO) in its Monthly Budget Review, reflects ongoing concerns about the nation's fiscal path amid political gridlock."
""While the deficit didn't rise from last year, it didn't fall either, and we continue to borrow far too much. Our national debt is about the size of the entire U.S. economy and will exceed its highest ever record as a share of the economy-set just after World War II-in short order." MacGuineas noted that the U.S. is on track to borrow nearly $2 trillion per year for the next decade."
A $1.8 trillion federal deficit for fiscal year 2025 highlights persistent fiscal imbalance alongside a $37.8 trillion national debt. Estimated borrowing did not fall from last year, keeping debt near the size of the U.S. economy and on pace to surpass its post–World War II peak. Projected borrowing could approach $2 trillion per year over the next decade. Tariff-driven stimulus is presented as growth policy, while most economists view tariffs as effectively taxing consumers or capital. Priority actions include reopening government without new borrowing, extending discretionary spending caps, enforcing a Super PAYGO rule, and addressing imminent Medicare and Social Security insolvency.
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