Episode 88: When Is This Year’s “Deficit Day”?
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The Reason We Don't Collect Taxes This Way
The federal government spends $4.2 trillion a year, or about $11 billion a day. The money is supposed to run out on October 19th this year. Ant and I first started thinking about tax freedom day when we realized that they have to work a third of the year before they get to keep any of the money they earn. We decided to apply the same sort of logic to another problem - the federal deficit.
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