Of course they aren’t. The federal government has been running deficits nearly every quarter for the past fifty years and there have been plenty of new records in the past decade.

Federal deficits are boring. Especially when compared to the drama being played out between Trump and his deep state adversaries in the intelligence services and the Department of Justice.

Deficits may be boring, but they are perpetual, and there is still only one way for this to end. America is still on the road to a national bankruptcy. This president isn’t going to change that.

Maybe President Donald Trump would prefer balanced budgets and vast reductions in the bureaucracy. He may have discovered limited government is easy to sell to a stadium full of conservative voters, but persuading Congress to go along is something else entirely.

That august body is full of Democrats who disagree outright with shrinking government and establishment Republicans who are eager to avoid making hard choices.

Frankly, the jury is out on whether Trump actually cares about imposing restraint, or if he simply isn’t too worried about shrinking debt and deficits.

One could make a good argument for either based on the president’s rhetoric. His record – signing the bloated budget expansion and encouraging Congress to once again suspend the borrowing cap – implies the President has other priorities.

Truth is, it hardly matters. For gold and silver investors weighing the prospect of a national bankruptcy, the more relevant questions are:

1. Is there going to be reform at the Federal Reserve? Nope.
    
2. Is federal debt still rising faster than GDP? Yep. More than four times as fast according to the most recent official estimates. GDP is growing at 2.3% while the deficit is growing at 9.3%.
    
3. Is that likely to change? Nope. The tiny handful of genuine conservatives in Washington don’t appear to be making major inroads and nobody is seriously expecting elections to fundamentally change the makeup of Congress any time soon.