I agree with most of that but the national DEBT, not the deficit, is the biggest problem. The deficit is certainly an issue, the debt is a bigger one
Deficit - spending more than you make. What politicians have done without a second thought since at least LBJ. And including republicans.
Debt - What you owe because of it. When your insane spending means you have to borrow money to keep the doors open, not a good thing. No nusiness could operate this way, you’d be out of business in 2 months. No politician manages his/her own finances that way, way do they run our country that way?
Spending and deficit are big issues, for sure. But that $21 trillion plus debt is going to kill us. Once it hits $22 trillion, I’ve seen it said we are finished. (or was it 24?) As it is, our great grandkids will still be paying just the interest...
Spending is insane. I’ve wanted to see Trump get in some huge spending cuts since day one, and it hasn’t happened, my one disappointment in his current administration. I can’t think of another negative. I think he has taken some small steps, but nothing major like I thought might happen. And spending is a huge issue. I hope to see better in his second term.
And that is why there must BE a second term...
We don't disagree. The deficit adds to the debt. Debt service makes it harder to avoid a deficit and is very dependent on interest rates, which are in turn dependent on credit perceptions as well as monetary policy, which are partially dependent on debt, which is composed of cumulative deficits.
I could have been more explicit. It's not the deficit in any one year that matters... its the cumulative debt, as you've emphasized.