Problem
How large was the U.S. federal budget deficit in the 2020, 2021 and 2022 fiscal years? Explain how the U.S. Federal government is able to finance these deficits? Explain how the U.S. was able to run enormous budget deficits and still keep interest rates extremely low. Be sure to describe the role that the Federal Reserve Bank plays. Discuss at least three problems that are caused by deficits of this magnitude. Check out the US Debt Clock real-time projections How large is the budget deficit? What is meant by the term public debt? What is the current U S public debt?