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teddy-smith

26 karma · joined June 25, 2024

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teddy-smith··on The Fed Has Avoided a Recession. But Some Have Been Left Behind
> Federal spending projections for 2024 were revised to $6.8 trillion, or 24.2% of GDP

Why don't they mention that that total federal tax revenue was only $4.44 trillion?

So the us is spending trillion a year more than it takes in and is issuing more debt to make that up.

I believe the INTEREST accumulated over the decades is now more than military spending.

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