The problem here is that gilt rates have been on the rise for a year (most likely as a reaction to Trump's manifesto), meaning borrowing is getting more and more expensive. You can print more money, but that devalues the currency, which the USD has managed to shirk off by being the main reserve currency of the planet. Except, that might change soon - because of the seeming chaos of the Trump administration (based on experiences of the previous administration), people are eyeing up EUR as a safer place, and gold prices are moving in a direction that suggests people want out of dollars (even if gold is normally denominated in USD for most people).
Trump has therefore caused gilt rates to rise, borrowing costs to rise, and a potential currency devaluation.
If you want to see how that works out when people finally lose their confidence, see what happened to the Truss government in the UK: it's not pretty. The UK is still paying for that on multiple fronts, but we were able to end the experiment in 49 days - that's not possible in the US.
I don't think what has worked for the last 50 years - waving budget appropriations through, shrugging at the national debt - is going to hold up for too much longer, for multiple reasons. And when it falls, it's going to fall fast, and very hard.
Trump has therefore caused gilt rates to rise, borrowing costs to rise, and a potential currency devaluation.
If you want to see how that works out when people finally lose their confidence, see what happened to the Truss government in the UK: it's not pretty. The UK is still paying for that on multiple fronts, but we were able to end the experiment in 49 days - that's not possible in the US.
I don't think what has worked for the last 50 years - waving budget appropriations through, shrugging at the national debt - is going to hold up for too much longer, for multiple reasons. And when it falls, it's going to fall fast, and very hard.