Sunday, February 16, 2020

We’ll Be $1Trillion in the Red in 2020. No Big Deal


When word got out that the federal deficit is poised to surpass $1 trillion this year, my reaction was pretty much the same as everyone else’s. Who cares? Except for the usual naysayers, spoilsports and gloomy Gusses, nobody seems to mind much one way or the other if the annual deficit is $1 trillion, $2 trillion or $10 trillion.

Sure, people used to get in high dudgeon about this stuff, but that was before the Dow hit 29,000. Now the public’s attitude seems to be: We don’t care that the deficit is $1 trillion, and we don’t...



from Hacker News https://ift.tt/37DHRz3

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