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.

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Trains in America kinda suck.

A complete collapse/disappearance of the US government would be fantastic, because it causes immeasurable harm while providing absolutely nothing useful

That’s true. Also the fact that it could take hundreds of years for the USD to go to zero because they have a monopoly on violence so if you don’t pay tax in USD you go to jail or get sanctioned/bombed/ put outside the US defence umbrella. Bitcoin is still around because policymakers know it isn’t a threat

Gradually then suddenly.

I can’t see the US allowing that

Great post as usual 👍

Nothing stops this train 🚂

Lumpy indeed. And the lumps keep getting bigger…