The other number to bear in mind is that the debt, not including unfunded liabilities, is now well over 100% of GDP.
Of course, if you include unfunded liabilities, the debt is more than all the money on the entire planet... and then some.
Don’t forget the “off budget” expenditures. Fannie & Freddie’s $400 billion a year has been conveniently taken out of the “budget”, but the money is still being spent. The CBO casts its bread upon the waters.....truly, it’s a miracle!
I think I’ll make my mortgage and property taxes off budget. I’ll have a surplus and eliminate the hit I’m taking from the non existent recession.