This pace is literally the death spiral. $1 trillion every 2 months = $6 trillion per year. Our budget is $6 trillion per year. That means our entire budget is deficit funded. (Roughly). nothing stops this train nostr:npub1a2cww4kn9wqte4ry70vyfwqyqvpswksna27rtxd8vty6c74era8sdcw83a
nostr:nevent1qqspfkvn9v0vyjw2cz0lk5fy73m24dqcvlqlfh3yxyj5vqg2st3vj6c3z637u
Not really. Deficits can be funded by debt issuance basically indefinitely when you are the world reserve currency
Debt issuance is not smooth, but rather is lumpy. One cannot extrapolate two months of deficits into the annual deficit.
The Treasury refilled their cash balance by $400 billion in two months, which meant extra debt issuance that wont be repeated any time soon.
Additionally, tax season brings in a burst of taxes, and so the back half of the calendar year tends to have larger deficits than the front half.
Actual deficits are still closer to the $2 trillion range. And indeed, nothing stops this train.
