The US is running a huge . Is it just my imagination or does it seem to be doubling every few years. Well, one of the reasons it seems to this foolish blogger is because the country needs financing that we refused to do by raising taxes ( taxes the very unpopular thing that governments do to finance the state). We needed the money I presume to help the citizens survive during Covid. We’re running a deficit by the reduction of taxes.
When I look at the government deficits I ask myself when a human buys a new car and finances it what kind of deficit does that person hold against that person’s income and or savings. What about buying a home that is financed, what kind of deficit is that person running ? What about the person who runs credit card debt, isn’t that a deficit.
Personal debts in the mind of this crazy blogger seems to be on par with the national debt, and perhaps in this modern era large debt ( deficits) is a need to survive.
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The worry of deficits should be the ability to pay.
We also have to ask ourselves is the deficit way outpacing inflation?
Is the deficit way outpacing interest rate rises.?
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