Can America Do It All?
Contributor: Pat Buchanan
With the national debt already equal to the GDP, and growing faster now, a question arises: Where does this end?
In fiscal year 2020, which ended on Sept. 30, the U.S. government set some impressive new records.
The deficit came in at $3.1 trillion, twice the previous record of $1.4 trillion in 2009, which was set during the Great Recession, and three times the 2019 deficit of about $1 trillion.