Calif. voters reject budget measures, leaving Schwarzenegger, lawmakers with bigger deficit.

We look at "mortgageability" at loan maturity to determine the possibility surplus/deficit they would have by refinancing in the longer term/permanent debt markets. 

All one has to do to lose weight is to burn more calories than consume it! 

The new tax law is a deficit financed stimulus. 

Also, I believe the trade deficit has increased as well.

They needed to take in as many easy calories as they could and expend as few as possible. 

Now they have a bigger deficit then before the pandemic.

@Mike HernBut the existing debt is already fixed interest rate based on prior treasury bills - so new deficits will be at todays to bill rates but prior deficit will be old rates till those mature and they need to obtain new debtIt’s not like all $30T of debt is on a variable rate.

When you are underwater it means you can't sell it for as much as you owe on it and you have to bring money to closing to cover the deficit.

Let's be real, the US government spends more on Social programs, defense and interest on the existing debt than it takes in via taxes.The US government runs a fiscal deficit, and to cover its liabilities has created an oversupply of dollars.