Let me get this straight...
If things were different than they are, the deficit would be only $400 billion.
Therefore, it’s ok that the deficit is $1 trillion.
Sure, makes sense!
Even if someone is gullible enough to think the deficit isn’t a problem... there’s the even bigger reality of the deficit piled onto the debt. The debt, baby. That 17 trillion-and-counting behemoth that ain’t goin’ away.
if interest on the debt were more normal, like 2% higher, the interest on the debt would add about 300 billion more to the deficit.