Federal Deficits

 

As the graphs show, we have put ourselves in a very bad position. We had to run big deficits to fight the pandemic and the great recession of 200-2009, but much of the growth in debt is simply that we spent more then we earned (taxed). We have been on a sugar high.

Click to read the article:

https://www.brookings.edu/policy2020/votervital/how-worried-should-you-be-about-the-federal-deficit-and-debt/