This is not about the national debt. That's been measured in the $trillions for many years. This is about the deficit, which is the short-term delta between tax

This is not about the national debt. That's been measured in the $trillions for many years. This is about the deficit, which is the short-term delta between tax revenues and government expenditures. (The debt is basically the time integral of the deficit). For the deficit to be over $1 trillion really is a big deal, and it's not good news.