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www.thefiscaltimes.com | ||
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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.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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en.mercopress.com
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| | | | | Moody's Ratings decision last week to lower the US credit rating to Aa1 from Aaa, (the highest investment-grade position) triggered strong reactions and criticisms from President Donald Trump and his political advisor. | |
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economistwritingeveryday.com
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| | | In Fiscal Year 2019, the US federal government spent $4.45 trillion dollars. In Fiscal Year 2024, spending was $6.75 trillion, or an increase of $2.3 trillion dollars. If you adjusted the 2019 number for inflation with the CPI, it would only be about $1 trillion more. Where did that additional $2.3 trillion go? It will... | ||
