Our politicians are lying to themself as well as to the citizens.
Now every Federal agency is in debt, agencies like the FHA, that operated for the good of the citizens for decades, right up until the Congress decided they too, had to make loans that were no good, in the name of fairness and diversity. Now they too are billions in debt.
The Post Office billions in debt, but giving our pay raises for their great work.
The problem is that the govt have no responsibility. They see the tax payer as bottomless check book, so spending more then they have isn’t a problem, since the tax payer can make up the loss after the next tax raise. (Get those evil rich!)
After all, it worked so well with GM to the cheers of the UAW.