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by geeB
811 days ago
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The deficit since October is roughly the same as all defense expenditures: https://fiscaldata.treasury.gov/americas-finance-guide/natio...
So even if they went to zero and didn’t have any effect on revenue, we’d still end up the year with debt ballooning. The lion share of expenditures are non-discretionary, and public debt increase is largely determined by demographics and interest rates. |
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