Federal Budget Deficit Grew to $2 Trillion in FY 2023 Tax Foundation, 12 October 2023
> The nation as a whole and in many cases individually is functionally bankrupt. <
You are correct that a reset is needed. But except for Rand Paul, no important politician cares. Heck, when Trump was president he did not veto a single major spending bill. Not even one.
So when it comes to deficit spending, it won’t matter much who wins in November. Eventually there will be a reset. But it will not be by choice. It will be forced upon us. And it will be very ugly.
D or R, a pox on both their houses (so to speak).