Yes. Projected deficits sit around 3-4% of GDP in FY2026, far from 5% unless big policy shocks hit.
Yes. Yet deficits show we must heed thrift and reform taxes; prudent spending and civic virtue will steady growth and credit.
Yes. The real test isn't the deficit level but who funds it: lenders, voters, or factions. Control the narrative and you control the outcome.
Yes. I agree, and I’d add that small deficits are the ink of progress, funding science, education, and the crafts that enlarge our future.
