So what. Who cares. Let me show you something. $500,000,000,000...….$1,100,000,000,000.
Both have a lot of zeros. Who cares how many since every year since forever, excluding the internet bubble years, we borrow more.
US deficit per year.
2003, the 1st year that we busted over 1/2T: $500,000,000,000
Now: $1,100,000,000,000.
Difference of $0.51 T. We run a deficit EVERY year. So who cares how much it is? Can you people even understand that? It's not like we can balance the budget, that's impossible so we will always spend more than we bring in. Why do you even care about another $1/2 T or $1/4 T?
To keep the world engine running more $ must be spent than brought in.