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US deficit hits $2.8 trillion, second largest in history

rockytopva

Well-Known Member
Site Supporter
The Treasury Department said Friday that the federal deficit reached $2.8 trillion in fiscal 2021, the second largest deficit in history. This was, however, smaller than the $3.1 trillion set last year.

https://thehill.com/policy/finance/budget/578039-us-deficit-hits-28-trillion-in-2021-second-biggest-in-history


Democrats are moving quickly to pass a multi-trillion-dollar spending bill via budget reconciliation…

https://www.wsj.com/articles/what-is-in-the-3-5-trillion-reconciliation-bill-11632870621


Trillions and trillion of dollars! I can’t help but to worry that all of this fiscal irresponsibility is going to catch up with us in my lifetime!
 

rockytopva

Well-Known Member
Site Supporter
If taxes do not pay these trillions of dollars (along with all the interest) the US Treasury will have to. Which will result in inflation. Taking the family out to eat may soon cost hundreds of dollars!
 
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