What’s So Bad About Running a Deficit?

Every time I see an ad on my DirecTV, they always managed to slip in how much everything costs. It doesn’t matter if it’s an ad for furniture, or clothing, or any other consumer item, here’s some comment about how ‘much’ things cost, or how difficult it is to ‘save’ with all those sky-high prices.

You would think from those ads that the ‘ruinous’ inflation, which Donald Trump keeps mentioning in his MAGA-rally speeches, was still rampant, even though last year’s price spikes seem to have disappeared.

Now, I happen to know two women who would have faced serious financial hardship during the Pandemic if Joe and the Democrats hadn’t pumped $6 trillion into the economy to aid families ands businesses, a pile of money which then — surprise, surprise — unleashed an inflationary spiral which now seems to have come to an end.

One of these women is a single mother with two tots who was laid off from her job as a waitress in a local truck stop when the trucks stopped showing up. If it hadn’t been for the extra unemployment compensation she received, she and her kids would have ended up in the street or at best in one of those stinky, smelly homeless shelters where there’s at least one fight every night.

The other woman did telephone customer service for one of the big banks, and this was a perfect job because…