Last updated Nov 29, 2025
economygovernment
Absent major policy changes, U.S. federal budget deficits will continue to grow in absolute terms beyond 2023, remaining at or above roughly $1 trillion per year and trending higher over time.
So the deficits are only going to get bigger and bigger.View on YouTube
Explanation

Evidence since 2023 matches the normalized prediction that, absent major consolidation, U.S. federal deficits would stay very large (≥≈$1T) and trend higher in nominal terms.

  • Actual deficits: Treasury data show the federal deficit was about $1.70T in FY 2023, then rose to about $1.83T in FY 2024.(en.wikipedia.org) For FY 2025, the final Treasury figures put the deficit at roughly $1.8T, very close to 2024’s level and still larger than 2023 in nominal dollars.(americanactionforum.org) Thus, all post‑2023 deficits so far have remained well above $1T and, compared with 2023, are higher in absolute terms.

  • Projected path: The Congressional Budget Office’s 2024 and 2025 outlooks project annual deficits staying in the ~$1.5–2.0T range in the 2020s and rising to about $2.5–2.6T by the mid‑2030s under current law, i.e., without major new deficit‑cutting policies.(crfb.org) These official baselines explicitly describe deficits as remaining historically large and growing over time.

  • Net effect of policy changes: While there have been significant policy moves (e.g., new tariffs and large tax/spending packages), independent analyses of these measures still find continued large and rising deficits and debt, not a sustained move to sub‑$1T deficits.(politico.com)

There is a small one‑year dip from 2024 to 2025, but relative to 2023 and looking at the medium‑term trajectory, deficits have stayed far above $1T and are broadly on a rising nominal path, which is consistent with the normalized prediction rather than contradicting it.