You’re correct.
The country is functionally bankrupt.
We’re spending 1.40 for every dollar we take in.
Now we can argue about what we should spend the devalued currency on, but it doesn’t change the basic problem.
We are broke, correct, but until welfare thugs are no longer getting free phones, solar companies no longer looting the treasury, that fat hog not flying all over the world, the vets should be left alone.