The Federal Budget deficit increased each year of the Trump presidency, reaching the largest deficit ever in American history during his final year, over $3 trillion. You would think that Republicans, who always argue for lower deficits, would have made an effort during those years to prove their point by reducing the deficit, but they didn’t. Now, Republicans might argue that they had to spend $3 trillion in 2020 to save the nation’s economy during the COVID pandemic. But it’s also true that we run deficits all the time in order to maintain a stable economy. 2020 was simply an extreme example of the way government in advanced democracies works.

The Federal Budget deficit increased each year of the Trump presidency, reaching the largest deficit ever in American history during his final year, over $3 trillion. You would think that Republicans, who always argue for lower deficits, would have made an effort during those years to prove their point by reducing the deficit, but they didn’t. Now, Republicans might argue that they had to spend $3 trillion in 2020 to save the nation’s economy during the COVID pandemic. But it’s also true that we run deficits all the time in order to maintain a stable economy. 2020 was simply an extreme example of the way government in advanced democracies works.

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