The US government lost nearly $1 trillion this past fiscal year. Again.

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Just like in 2016 (where the cash deficit was $1 trillion), this past fiscal year saw no major recession. No full-scale war. No financial crisis or bank bailout. It was just another year... business as usual. And yet they still managed to overspend by nearly $1 trillion, with costs exceeding revenue by more than 20% (just like the French in 1788).

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Congress has already put forward a new spending bill for this Fiscal Year-- another 4+ trillion, not including any emergency spending that might arise (like hurricane relief, for example).

So we're already looking at another nearly $1 trillion loss for the coming fiscal year, especially given that there's almost no growth to tax revenue.