State of the Union cover image

Interviews with: Rep. Matt Gaetz, Speaker Emerita Nancy Pelosi, Rep. Alexandria Ocasio-Cortez

State of the Union

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Federal Spending and the National Debt

In this chapter, the issue of federal spending and the national debt is discussed. The US government spends more money than it takes in, leading to a large national debt of 33 trillion dollars. The chapter emphasizes the importance of reducing the deficit and debt, and suggests taxing the rich as a way to improve the country's finances.

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