Turns out this year's federal deficit is a lot bigger than they claimed, and growing twice as fast.

Thanks to a cute accounting gimmick that counted student loan cancellation as revenue.

That means our deficit is already $2 trillion -- up 40% on a year ago. And it means… pic.twitter.com/JIxF05Rmw8

— Peter St Onge, Ph.D. (@profstonge) October 26, 2023