October 13, 2021 (vol. 130, iss. 54) • Page Image 9
…Anyone remotely interested in American politics has heard of “the deficit” at least once. The deficit is how much the United States govern- ment’s annual expenses minus its revenue. Conservatives treat it as an ever-present threat, with every bit of spending bringing the nation closer to their imagined annihilation. But, in reality, many economists seem to agree that the deficit isn’t the big- gest issue facing America, with the Uni...…