Government Deficit Reaches $2T in Fiscal Year 2026 - SchiffGold.com
Government Deficit Reaches $2T in Fiscal Year 2026 - SchiffGold.com
Source: SchiffGold.com
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DW NOTE
The government spent $2 trillion more than it collected in fiscal 2026. That's 6.8% of GDP — a deficit ratio last seen during wartime mobilisation or financial collapse. This one happened during neither. The difference is borrowed, rolled over at 5% yields, and serviced with tax revenue that grows more slowly than the interest bill. At some point the denominator starts shrinking faster than you can inflate the numerator, and then the term structure stops pretending it believes you.