The Budget deficit in the US is currently $3.1 trillion and the national debt is now over $27 trillion, but there's nothing to see here

In 2019, the budget deficit was $980 billion.

In 2020, that number increased by 3x and is currently $3.1 trillion.

In case you are wondering, that $3.1 trillion number is far and away a record:

Though, running deficits in the United States is nothing new.

In fact if you just look at that chart above you will quickly see that we tend to run a deficit just about every single year.

Due to this, the total national debt now exceeds $27 trillion.

A number that also has never been higher, by a long shot:

Since 2009, the national debt has increased by roughly $17 trillion.

That's $17 trillion in an 11 year span, or $1.5 trillion every single year on average.

But yea, there is nothing to see here.

Bitcoin doesn't owe anyone anything, bitcoin is no one's liability.

Over the last decade, the US has averaged almost $1.5 trillion in new debt every single year