The USA hasn’t had a balanced budget since Bill Clinton was in office circa 1999.
Let thank sink in. #Bitcoin https://nostr.build/i/9794f437973739db12490300a0f6ba4f18abbfd4a0d049cd75792ee3195e9584....
Interesting. The US has to provide USD and even more importantly UST to the world as the global reserve issuer (due to/since the establishment of petro-dollar system). This means it has to run deficits (= UST issuance), which can than be monetized by Fed and Banks (create USD liquidity). Hence, constant deficits are a feature not a bug.