Federal Government Full of Profligate Deadbeats

Let's revisit the case of the hypothetical deadbeat cousin. Suppose your deadbeat cousin asked you to help him better manage his monthly and annual spending so that he might get his fiscal situation in order. After reviewing his spending, you conclude that he is spending $1.90 for every $1.00 he makes. Wouldn't you conclude that he is a profligate dirtbag and not the least bit creditworthy? Our federal government is the equivalent of the deadbeat cousin.

From Bespoke:

The monthly budget statement was just released today, and in November the federal government took in $133.6 bln and spent $253.9 bln. This works out to $1.90 going out for every $1.00 coming in. Believe it or not, this is actually an improvement from October when the ratio was $2.3 going out for every $1 coming in! Over the last 12 months alone, the Federal government has racked up a deficit of $1.4 trillion. Needless to say, this pace of spending versus income can't keep up forever, and today's lousy 30-year auction is an indication that investors aren't too keen on locking up their funds in long-term IOUs from Uncle Sam right now.