The US fiscal situation is mathematically unsustainable because $6.75 trillion in annual federal spending has 80% locked into mandatory programs (Social Security, Medicare, interest, defense), leaving only $1.35 trillion discretionary; even cutting 30% of that discretionary budget would only reduce deficit by $270 billion when the actual deficit runs at $2.4 trillion annually
factualpending
Speaker
Lawrence McHenryEvidence Quote
“we spent 6.75 trillion last U fiscal year end in September 80% of that is social security Medicare interest and defense so you know when they talk about taking a hatchet to government and cutting government unless you're going to touch those four areas um and they might touch defense a little bit because they might be able to end the Ukraine war um you know it's going to be hard to cut so the remaining 20% even if you take 30% off that that's $270 billion a year the um the deficit last year was 1.8 trillion the Run rate on the deficit this year is 2.4”
Source
$200k Bitcoin, $4k Gold In 2025 As ‘Day Of Reckoning’ Comes For Stocks | Lawrence Lepard— David LinCreated: 8/11/2026, 6:22:49 AM
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