DEMOCRATS HAD JUST TWO YEARS UNDER BIDEN TO JACK UP SPENDING, AND AFTER FOUR YEARS, THE GOP STILL LACKS THE GUTS TO FIGHT THE RACHET EFFECT: Congress mum on federal deficit hitting $2 trillion milestone, again.

The federal government has collected $4.8 trillion and spent $6.8 trillion, generating a deficit already higher than last year’s with still a month of borrowing to go.

“Such extraordinarily high deficits are just one piece of our fiscal situation that is falling apart,” Maya MacGuineas, president of the Committee for a Responsible Federal Budget, said.

“The gross national debt recently hit the sobering milestone of $40 trillion; we’re now spending more on yearly interest costs than on our national defense; debt held by the public exceeds the size of our entire economy; and trust funds for programs that tens of millions of Americans rely on face insolvency in less than a decade.”

As of Thursday afternoon, however, even the so-called Republican “deficit hawks” in Congress haven’t responded to the news, following a pattern of lawmakers largely disregarding soaring deficit spending.

“If something cannot go on forever, it will stop,” the wise man once said.