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Understanding Our Economy Is Easier Than You Think, and More Important Than You Know | PREI 415

Passive Real Estate Investing

CHAPTER

The US Government Spends More Than It Takes in in Taxes

The US government just can't pay off the debt you know tomorrow if they wanted to it's thirty trillion dollars so it's always there and it's growing. Every year the federal government spends more than it takes in in taxes every dollar spent is either tax a borrowed or borrows. The deficit is declining but still massive according to analysts who predict close to roughly trillion dollar deficits each year as far as they can see.

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