We're not talking serious math when it comes to the US Budget. Only complication is in Congress and the whining constituents who want services beyond what they are willing to pay for.
Gross revenues - $4.92 Trillion
Mandatory expenditures (Social Security, Medicare, Medicaid, Interest) - $4.13 Trillion
Defense - $853 Billion
Before a single discretionary dollar (other than defense) is spent, we are already in the hole by $63 Billion.
So, every discretionary dollar we spend (usually just under $1 Trillion per year) adds to the US debt. Add in a few natural disasters, a few other crisis, bailing out a bunch of Wall Streeters every decade or so, and we're even further in the hole before we fund basic government services we all count on to provide the quality of life we enjoy.
It makes me laugh that DOGE is going to change the financial picture in a meaningful way. Add in that Congress is trying to find a way to fund a tax cut that will put the budget in the hole by another $1-2 Trillion, and one has to question if anyone in Congress can even balance a check book.
Cut every dollar of discretionary spending, shut down all basic government services, and we are still adding more to the current $32-35 Trillion of net debt.
And somehow selling our public land is going to solve Congress' budget dereliction?
To have $30+ Trillion in debt means that we, mostly my generation and older, have asked for $30+ Trillion of government services that we were unwilling to pay for. That's $30+ Trillion of wealth sitting on the balance sheets of older Americans that should have been used to pay for the services we demanded.
Boomers claim we have been such a hard working, prosperous, and industrious generation, which could be true, but one truism beyond any doubt is that we sure don't like to pay our own way. We've used the election and legislative process to force future generations to pay for our desired level of services.
The reality is, without revenue increases, we will never get out of this hole. Rather, we will continue to pile on more debt for the younger folks as we demand more and more in services. Yet, even the mention of a tax increase sends Boomers into orbit. Collectively, us Boomers are sitting on $30+Trillion of assets that should have went to the government to pay for the services we've demanded along the way.
There are 76 Million Boomers still alive. If you divide $30 Trillion of debt among those 76 million of us Boomers, we each benefited, on average, by $394,000 that we didn't pay to cover the services we demanded from our government.
It truly is not much more complicated than that. Unless, you are part of the DC machine that lives in an alternate reality. And both sides are living in that alternate reality, just whether you're alternate reality is on the revenue side, the expense side, or both sides of the financial equation.
To think selling public lands is somehow going to solve that problem doesn't pass the "laugh out loud test."
Bedtime.