This is from the WashPo, a paper not prone to caring about budget deficits:
The deficit surged during COVID, then predictably went down in 2022. It was supposed to go down in 2023 because there's no war, recession, pandemic or anything of the kind. Instead, it jumped up like crazy. It hasn't reached the COVID levels but look how high it got.
The whole college loan forgiveness business wasn't even counted in this deficit because it never went through.
This is very concerning because Boomers are retiring, and this means huge Social Security and Medicare costs.
As we are all being endlessly entertained by Trump indictment number five million and yet another "Nazi threat", there are serious things going on that nobody wants to talk about because they are boring and offer no immediate gratification. These numbers are an accumulation of mistakes and irresponsibility accruing over the years.
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