What’s a trillion here and a trillion there between friends?
Debt addiction and a good reason to hold as little cash or cash equivalents (treasuries, bonds, etc.) as possible in case they get ravaged by inflation.
How much of that spending did not have Congressional authorization?
I’m thinking most of it was authorized, but spending was suspended until Congress acted. So, of course, as soon as Congress acted, the suspended spending went out in a rush, creating a sudden burst of new debt, but don’t expect Fox Noise to consider “why?”
I guess most people do listen to the doomsayers. It’s just the “doomsayers” they tend to agree with that they listen to.