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When one side is spending, it's all good; when the other is spending, it's a BIG HUGE GINORMOUSÂ DEFICIT scare.
But the truth is ... if the U.S. has a "deficit"Â of $30 trillion than the GDP/GNP is likely $90-100 trillion.Â
Those #RabbitHatTrick numbers work regardless; because nobody is writing a check for any of this. We're always going to make more than we spend. That's the way the trick works.
It's all FUGAZI.
QUOTE:Â In the fiscal year that ended September 2021, the federal budget deficit was $2.8 trillion, equal to 12.4% of U.S. gross domestic product, according to the Congressional Budget Office. In the fiscal year that ended September 2019, before the pandemic, the U.S. deficit was equal to 4.7% of GDP, the CBO said.
Cloudy , with a high of 86 and low of 66 degrees. Sunny in the morning, clear during the afternoon and evening, fog overnight.