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Nw Iowa | In July, government collected 330 billion in tax receipts, spent 574 billion. This is just for month of July. The budget deficit rose 10% in July. ( the amount between receipts and outlays) Approx 8 billion a day! There comes a point that it ceases to work, doesn’t it? So does this mean inflation and printing of money or ? Do any of the politicians of either party fully understand this? Farm bailouts May be over?
Edit This was posted on VanTrump daily newsletter this morning, I believe he said info from Congressional Budget Office.
Edited by jdironman 8/13/2024 07:54
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US Debt WOW
