US Budget Deficit Explodes: Worst October On Record On Historic Surge In Defense Spending; 28% Of All Taxes Go To Pay Interest

US Budget Deficit Explodes: Worst October On Record On Historic Surge In Defense Spending; 28% Of All Taxes Go To Pay Interest September was not a terrible month for the US budget deficit; well it wasn't great either, but at just a deficit of $27 billion in the last month of fiscal 2026, at a time when the US traditionally burns through 9 cash digits every month, it was relatively forgettable. One can't say the same thing for October - the first month of fiscal 2027 - when all hell fiscal...