US annual deficit/debt is a meaningless number since it just prints as much money as it needs being the world reserve currency. It's a looney toons number.
This really isn't true. I am not deficit doomer, but you can't say its meaningless. The US paid $881 billion on interest on its debt last year. This is on par with the DoD. Yes, it's still only around a tenth of the US's total budget, but it is not hard to imagine the debt going up by 10 times. With the same interest rates, we then the US will pay as much in interest as the rest of the budget combined. If the US just needs to "print as much money as it needs", there is a certain point at which it will become hyperinflationary.
It's worth noting that it pays that interest back to itself. The risk of becoming hyperinflationary is real, but US can continue ignoring the problem pretty much indefinitely as long as other countries do their trading in US dollar.
