It makes more government borrowing very painful - I doubt we will hear about another massive stimulus injection, and the Federal Deficit is actually shrinking in 2022, compared to 2021 (after adjusting for COVID relief craziness). 

I mean the authors noted that even in the Great Depression, deficit spending worked, whereas now, it will not.

Just got news IHDA grant is being denied because the HOA is running an overall deficit.

I saw an article the other day that said that there's about 4 million homes in deficit right now.

And for those that think this city is a sh*those, it is, but not because residence are too liberal or somehow deficit or foolish.

Yes, our city/County it's ironic that they for years have been poor money managers that have continued to operate at a deficit, but in their infinite wisdom they don't mind also over extending their authority to make other counter productive measures to hurt our pockets as well.

- Over how many years was that deficit accumulated?

As a broker if you are carefully adding on just  a few agents and not a mill then you are very careful about who you take on.If I had a dollar for every time I heard a new agent was going to take over the real estate world the national deficit would be paid down............. : )New agents tend to think they are hot stuff and overvalue themselves in the market.

And even then it is something to closely monitor - even with good tenants one prolonged vacancy will put you into a deficit.

Regardless of the election, there are some very strong signals that our economy is in a tenuous position: our trade deficit, inability to fund domestic liabilities, and massive underemployment to name a few.