Spirals

U.S. Budget Deficit Grew 38% in First Seven Months of Fiscal 2019

A funny chart:

The blue line are the deficits, inverted,which increases total debt.  The green line, inverted, are the interest payments.  It is inversion day to keep you on your toes.

Our interest payments increased about a third faster than debt since the 2000 period, mostly since 2009.  Whatever government stuff we bought, we have already paid the total cost in interest payments,  plus a premium.

Spiral: the loans to deposits never cross each other, the bias is absorbed in these bailouts.  This cannot last through the next recession, the system so bottle necked we be having our MMT moment.  Look at the contract, make it short, fine, but it is a starting number, it is a sandbox project, can't fail.