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When one side is spending, it's all good; when the other is spending, it's a BIG HUGE GINORMOUS DEFICIT scare.
But the truth is ... if the U.S. has a "deficit" of $30 trillion than the GDP/GNP is likely $90-100 trillion.
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: 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.
Moderate rain, with a high of 76 and low of 64 degrees. Fog during the morning, thundery outbreaks in nearby for the afternoon, mist in the evening, fog overnight.