It’s about $100 billion in annual revenue the federal government loses out on.
At a 7% rate of inflation and a 2% average interest rate, it amounts to over a trillion dollars a year discharged in terms of real debt owed to the public.
The deficit always grows in nominal terms because of inflation. Scaled properly [1], the deficit isn't great, but it's improving and far from unprecedented.
https://jabberwocking.com/yes-of-course-big-deficits-are-due...