You’re quite right in your analysis, but the real trouble with “the government deficit/debt” is its framing reinforces the concept of debt instead of emphasizing that its actually a GIFT of money to the private sector. It also inhibits people’s ability to embrace the illogical historical fact that new paradigms are always in complete conceptual opposition to the present paradigm, in this case Debt Only as in the burden to repay as opposed to Monetary Gifting. Also, relying on trends, even well considered trends, is not a long term reliable answer especially given the “innovative” tendencies of Finance. Better to craft policies based on the new paradigm concept because historically everything adapts to a new paradigm, not the other way around.