Trump’s Iran war is costing American taxpayers $1 billion a day as the national debt spirals out of control

On February 11, the Congressional Budget Office released its closely-watched, 10-year projections for the U.S. budget, this addition covering FYs 2026 to 2035. As expected, the numbers were extremely dire, positing deficits and debt that by the decade’s close respectively reach 6.5% of GDP and 120% of GDP. The sundry economists and think tanks that evaluated the numbers, and members of Congress on both sides of the aisle, called the forecast a stern warning and our current course unsustainable.