Yes and it is fine. That’s a scary number with zero context, but given the borrowing rate and the investments we’re making in future GDP, this is good borrowing!
it isn’t good when a group of people tries to destroy the entity that’s making those investments. These shitheads are basically corporate raiders coming in to tear things apart for personal gain.
Ironically, it is the “fiscally responsible”, “WhY nOt RuN gOvErNmEnT lIkE a BuSiNeSs” gang who want to destroy any fiscally responsible investment.
If they want to reduce spending meaningfully, they need to cut defense, social security, and Medicare. They won’t, because it’s political suicide.