Deficit

The great Mark Steyn:

Here’s a newspaper headline from a yellowing cutting I found up in the attic:

U.S. Budget Deficit Hits Record $438 Billion For Year

Boy, those were the days! Flappers in rumble seats, wind-up victrolas, and deficits you could measure in billions. A more innocent age, lost in the mists of time. Gosh, you’d have to be pushing, oh, 12 even to remember it.

$438 billion was the record-breaking federal deficit in 2008. That’s all of three years ago. In 2011, it’s getting on for four times as big. What’s that got to do with anything happening in 2023?

 Read the rest at The Corner.