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conversableeconomist.com | ||
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www.nationalpriorities.org
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| | | | | The federal government raises trillions of dollars in tax revenue each year, though there are many different kinds of taxes. Some taxes fund specific government programs, while other taxes fund the government in general. | |
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www.gao.gov
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| | | | | Increased federal spending in response to COVID-19, as well as rising interest rates, have added to our nation's financial woes. At $2.8 trillion, the FY 2021 budget deficit was the second largest in history-just short of the FY 2020 deficit of $3.1 trillion. These historically large deficits were due primarily to the economic disruptions caused by COVID-19-which decreased revenues in FY 2020-and the additional spending by the federal government in response to help the nation recover from the pandemic. | |
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blairbellecurve.com
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| | | | | The size of the U.S. national debt is getting a lot of attention lately, and for good reason. Deficit spending through the COVID pandemic was enormous, pushing the total outstanding debt to a staggering $31 Trillion, with a T. A better way to measure the size of the debt is as a percentage of our... | |
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www.theatlantic.com
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| | | The fourth Republican presidential debate featured many attacks on Haleynot on Donald Trump. | ||
