5 ms·
The deficit since October is roughly the same as all defense expenditures: https://fiscaldata.treasury.gov/americas-finance-guide/national-deficit/ https://fisc
by geeB 2y ago
The deficit since October is roughly the same as all defense expenditures: https://fiscaldata.treasury.gov/americas-finance-guide/national-deficit/ 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.