The political debate in the US about new spending is bizarre. They are bickering about more money for this and for that: the military, border defence, chip production, Ukraine, Israel, you name it. The only thing that is never mentioned, is how to pay for it. And this is despite that the US is running the biggest deficit since the 2009 financial crisis and the Covid emergency. The national debt is spiralling. They are spending as if there is no tomorrow.