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The US spends twice what it collects in taxes, and has been doing so for so long that its ability to service its debts is mathematically jeopardized. Spending
by elevation 1y ago
The US spends twice what it collects in taxes, and has been doing so for so long that its ability to service its debts is mathematically jeopardized.
Spending massively more than you make is just fine, until the repo man shows up.
- vel0city 1y agoSounds like maybe we should also increase revenues instead of also cutting those then, right?