This year, the federal government will spend $300 billion on interest payments on the national debt. This is the equivalent of nearly 9 percent of
Tag: federal debt
It matters or it doesn’t
Modern Monetary Theory (MMT) holds that government spending and accumulated debt doesn’t matter because the Country can create money endlessly. Economists generally agree that in
Joe Biden and your budget: How will he impact taxes, health care, more
The Biden tax and spend plan is not totally unreasonable and certainly does not come close to the Sanders ideas. However, there are problems. Most
Deficits totaled a record $3.1 trillion in fiscal year 2020
The Congressional Budget Office published its September monthly budget review today, which estimates deficits totaled a record $3.1 trillion in fiscal year 2020 – more
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