TRANSLATION: The [Expletive Deleted] spend money they don't have.
The government is spending about $52,000 per household annually. Complete insanity.
But its not a business... By and large, the predominance of the “borrowing” is actually printing money by the fed. It gets recorded as a loan from the federal reserve to the treasury, but it’ll never be paid back, except by interest payments and devaluing the currency. Devaluation of the currency is an implicit recognition of non intention of payback.