in 2025 when Trump took over he inherited a booming 27 billion surplus as of June 2025.
As of June we have a 120 billion DEFICIT which is growing. What caused this? A shortfall in revenues government receipts down 31 billion YOY. Why? BEcause of massive corporate tax cuts and then some moron used illegal tariffs, twice, which he's now having to refund which is accelerating the problem.
So in ONE YEAR, Trump caused a 147 billion negative flip from surplus to deficit