Tariffs rake in $27.7B, but July spending wipes out the gains and burns $630B in 31 days. The US deficit is on pace to hit $3.5 trillion

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US deficit hit $291B in July. That’s a $3.5 trillion yearly pace without a war or a recession. Just “normal” Washington spending.
https://www.cbo.gov/system/files/2025-08/61304-MBR.pdf

Tariffs brought in $25B. Trump called it “incredible revenue.” The same month, the government spent $630B. That’s pocket change against a tidal wave.
https://www.crfb.org/blogs/tariffs-are-generating-meaningful-new-revenue

Social Security payouts jumped $108B. Medicare and Medicaid climbed $141B. Interest on the debt is running at $1.01 trillion a year.
https://fiscaldata.treasury.gov/americas-finance-guide/federal-spending/

On August 7, tariffs jumped from 10% to 50% on goods from over 70 countries. The de minimis import exemption is gone. Transshipment penalties are now 40% with no appeal.
https://expresstradecapital.com/2025-us-tariff-updates-importers-guide/

Trump says tariffs will “cut the deficit.” The CBO says maybe $2.8T over 10 years—if the economy doesn’t shrink.
https://budgetmodel.wharton.upenn.edu/issues/2025/2/27/fy2025-house-budget-reconciliation-and-trump-tax-proposals-effects

CBO projects $2.8T annual deficits by 2029 even without a downturn.
https://www.cbo.gov/publication/61508

No one will name the agencies that burned through $630B in 31 days. No itemized list. No audit. Just silence.
https://www.govinfo.gov/content/pkg/BUDGET-2025-PER/pdf/BUDGET-2025-PER.pdf

https://twitter.com/VladTheInflator/status/1955429593726550386

“$25B in tariffs, $630B in spending. That’s like bragging about finding a quarter while your house burns down.”
https://www.crfb.org/blogs/tariffs-are-generating-meaningful-new-revenue

“Tariffs are just another tax. They’re not saving us. They’re squeezing us.”
https://www.globalsources.com/knowledge/update-on-us-tariffs-new-regulations-take-effect-august-1/

The press calls it “record revenue.” The reality is a $3.5 trillion burn rate. Nobody’s asking what happens when interest payments pass defense. Nobody’s explaining how this pace ends without a crash.

The math doesn’t care about politics. It’s ugly. And they’re still smiling.