The Deficit Cannot Be Used To Calculate Or Predict Debt

Here the deficit is $0 because federal spending equals federal taxes, but the US debt has increased by $2T.  It increased by $2T through Treasury Bills.

This diagram shows a $2T "deficit" in banks borrowing from the Federal Reserve to account for the $2T debt, but the debt might also come from activities like selling stocks and then buying Treasury bonds.

Here the deficit is $2T, but the US debt increase is only $1B.

For a $2T deficit to cause no adverse inflation nor debt increase then the money was channeled into niche economies (art, stocks, etc.) that do not affect supply chains of the common economy, or blocked from consumer economies (linear wages), or distributed to hundreds of millions of people preventing a rise in income inequality.

Here there is a $2T surplus, but the US debt has increased by $1T.  It increased by $1T through Treasury Bonds.

This diagram shows a $4T "deficit" in banks borrowing from the Federal Reserve to account for $1T debt, $1T OMO, and $2T Treasury surplus.  The surplus could also come from a wealth tax funded by selling stocks which would have no source on this flow diagram.

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