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Prepare for the Tantrums

The real problem is that the “government spending” component of the GDP exceeds government revenues by about a trillion dollars.  That’s every year.  This means that our GDP is artificially inflated by about one trillion dollars.  Make any cuts, which we need to do,...

Some Figures to Look At !

WASHINGTON (AP) — Figures on government spending and debt (rounded). The government’s fiscal year runs Oct. 1 through Sept. 30. Total public debt subject to limit Nov. 29– 16,283,989, 000,000 Statutory debt limit 16,394,000, 000,000 Total public debt...