The ratio of entitlements plus interest expense to tax receipts is currently at 92-93%, meaning the big three (entitlements, defense, interest) consume 110-111% of receipts compared to just 67% eight years ago, putting the fiscal situation late in the game structurally.
factualpending
Speaker
Luke GromanEvidence Quote
“the big three are call it you know 3.3 trillion of of entitlements is about 66% of receipts interest at a trillion two call it pro forma is another 25% right so there we're at 92 93%”
Source
Luke Gromen: Expect Market Turbulence Ahead Due To Tightening Liquidity— Adam Taggart | Thoughtful Money®Created: 8/12/2026, 10:19:56 PM
My Notes
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