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BumRushDaShow

(167,918 posts)
8. "I saw a columm from Barron's yesterday which I can't find now"
Mon Feb 23, 2026, 06:53 PM
11 hrs ago

This (looks like one of their "Live Updates" commentary thingies) -

3 days ago
Tariff Decision Cuts a $2 Trillion Hole in Deficit

By

Karishma Vanjani

The removal of tariff revenue could worsen the nation's budget shortfall by about $2 trillion over the next decade, according to the Committee for a Responsible Federal Budget.

Tariff revenue in all of fiscal year 2025 was $195 billion; the government has collected $28 billion in tariffs since the fiscal year began in October. This revenue had been helping offset the federal deficit. The Supreme Court has now ruled that President Donald Trump's tariffs were invalid.

“We are in a dismal fiscal situation, and it just got worse. More than ever, we need Washington to put forward an agenda to truly address the debt,” the CRFB wrote.

But tariffs–which some critics argued were unlawful–aren't the only solution to the nation’s debt. Tax increases, military spending reductions and efforts to lower health care costs are among other potential options.

(snip)

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