Spending is not increasing (which is the hype) but it is consistently above revenues, but every president except Clinton. Thus the deficit grows every year. Th

Spending is not increasing (which is the hype) but it is consistently above revenues, but every president except Clinton. Thus the deficit grows every year. The trick: It’s that US debt is denominated in US dollars, which means the US can always print more money to pay off its debt (that has other consequences like inflation if done too quickly). Secondly the US economy and government has been such that its debt is considered one of if no the “safest” investment.