It can’t be a good sign when our country more or less gets used to the federal government adding more than $1 trillion to the national debt, year in, year out.
But that’s what seems to be happening.
It generated all too little public debate when it was projected by the Congressional Budget Office that, once again, the federal government will run a more than $1 trillion deficit in the current fiscal year, which ends in September.
This will be the fourth straight year of federal deficits that have exceeded the $1 trillion mark.
The total national debt — which includes cumulative deficits from past years — now is well above $15 trillion and is on the way to $16 trillion and beyond.