US monthly budget data:
- In January there was reported surplus of $55.16B
- Last Feb there was a deficit of $192B
- Outlays $362B vs $332B last Feb
- Receipts $169B vs $139B last Feb
- Fiscal year-to-date deficit of $353B vs $387B at this time last year
The US is in fine shape in terms of deficits. It's unfunded Medicare and Social Security obligations that are the kicker. Even with those, the US taxing power and ability to cut spending is always underrated. The US already absolutely dominates the seas but just rolled out a new $13 billion aircraft carrier, and that doesn't include the 75 airplanes on it that can be launched every 45 seconds.
America is wildly wealthy.
