How To Blow-up The Budget

From the WSJ there is this.

According to projections from the Congressional Budget Office (CBO) U.S. debt will rise to more than 100% of U.S. gross Domestic product (GDP) before the end of this year. 

Debt held by the public will balloon to more than $56 trillion by 2036 as annual deficits continue to mount, according to the latest projections from the Congressional Budget Office.  By later this year, the federal debt held by the public is expected to surpass the size of the entire U.S. economy.

The main drivers:  increased spending on entitlement programs as the nation's population ages as well as rising costs related to paying interest on the debt itself.  Republicans have taken issue with the projections, suggesting the CBO's assumptions on economic growth are too low.

Here's a closer look at the numbers, in five easy charts.

The CBO projects that the annual U.S. budget deficit will top $3 trillion by fiscal year 2036. The deficit was briefly that high when the federal government spent heavily during the Covid-19 pandemic. 

By fiscal year 2036, the deficit will hit 6.7% of GDP, up from 5.8% in 2025.

Social Security and Medicare costs will drive mandatory spending to 15% of GDP by fiscal year 2036. Mounting debt will increase spending on net interest to nearly 5% of GDP.

CBO projects a $23 trillion deficit from 2026 to 2035, up around $1.4 trillion from its last projection. Tariff revenue will only partly offset effects of the GOP’s ‘one big, beautiful’ tax law.*

Debt held by the public will surpass 100% of GDP this year and is projected to exceed 120% by fiscal year 2036.

 *Projected revenues generated by import taxes are uncertain as a consequence of the recent SCOTUS decision.

  

Captains Of Market Cap

In case you missed it, only four of the 10 largest companies in America were on the list ten years ago:  Apple, Microsoft, Berkshire Hathaway and JP Morgan Chase.

Technology companies - like the Magnificent Seven - are so ubiquitous some days they seems like they'll be around forever.  Nevertheless, change is like trying to sip from a fire hose.  It can change in a giant gush.

Fun Fact:  In 2015 the total market capitalization of the top ten was $3.2 trillion.  By the close of 2025 it was a staggering $19.4 trillion. 

Funny how things change over time.  You snooze; you miss something.

 

Peninsula Still Life

This is singularly the best photo to come across my device in quite a while.

Quintessentially, Door County Winter.....

photo credit - Rosann Hollinger (click on image to enlarge)

   

Eat More Deer

Before sunset today this was the view east from the bedroom window.

I refer to this image as the solution to solving hunger in northeast Wisconsin.

I stopped counting at twenty.

In our household the culinary goal is a weekly venison dish; minimum. 

Lasagna tonight with fresh spinach on the side. 

Next time I’m gonna just incorporate the spinach in the lasagna and be done with it.

Pretty good chow if you can get it.

Eat more deer!

 

Highway Patrol

 

Is this photo a still taken from a Blues Brothers movie?  I dunno.  It appears to be a 1967 Chevrolet Impala Police Cruiser.

In the mid-1960s the Chicago Police Department favored the use of Impalas of this era for their size - sufficient room for two officers and their equipment, winter driving capability, ability to engage in high speed expressway pursuits and their over-all reliability.

This vehicle was produced by GM's Chevrolet motor division as a spec-built fleet vehicle for taxi and police department use.  Consequently, it was assembled with 'beefier' components including: a heavy-duty rear axle including a limited slip differential, heavy duty suspension, springs and shocks, larger sway bars, a reinforced frame, power steering and plain steel wheels with bias-ply tires including 'dog-dish' hub caps.  Later models included experimental front disc brakes but virtually all vehicles produced included heavy duty drum brakes all-around.

 

Tennessee State Trooper 1966 Biscayne model 

I'm familiar with this vehicle line as our household ride in the 1960s included a 1965 Chevy Belair later replaced by a 1967 Chevy Impala SS (Super Sport).  Both of those vehicles were equipped with a 283 (4.6L) V8 and the police version was powered by a 327 (5.4L) V8 rated at 275 hp.  Pursuit-model law enforcement models were generally equipped with a 396 (6.5L) V8 rated at 325 hp.

Hitched to the rear-wheel drive was a 2-speed 'Slush Box' Powerglide automatic transmission - same as my 1968 Pontiac Le Mans convertible.  Later years witnessed the introduction of a 3-speed Turbo-Hydromatic transmission.  

Police units came factory-equipped with a single 'Gumball' red rotating beacon, dash-mounted or column siren control, a Motorola radio console, drive side spotlight and sometimes a steel [partition between the front and real seats. 

From a post just about a couple of years ago is a Wisconsin State Patrol 1967 Chevrolet Biscayne.

This is not a police model but it is a most excellent surviving restoration of a 1967 Impala Super Sport (fully loaded).

Vroom!

If Only The Dead Could Talk

Ruben Ray Martinez, a 23-year-old U.S. citizen, was killed last year by an ICE agent, with the Department of Homeland Security accusing him of having struck an ICE agent with their vehicle. However, DHS’ account of the incident was fiercely disputed by Martinez’ childhood friend, Joshua Orta, who was present during the encounter and claimed neither had offered any resistance to ICE officers’ demands.

On Saturday, Orta died in an unrelated car crash while driving in San Antonio, Texas, with his stepfather confirming his death to the New York Times on Monday.

 

Incredible Hockey Shot

Now that the 2026 Milano Cortino Winter Olympic Games are behind us​, this retired curler had to share this classic.

Further evidence of how much mobile technology, and videography, have advanced  since this Samsung Mobile Explorer advertisement from the 2010 Vancouver Winter Games sixteen years ago.

Adding an entirely new emphasis on the slap shot; hockey meets curling...