“The Treasury Department posted a $1.7 trillion debt for the past fiscal year, according to Fox Business. “The deficit reportedly grew by 23%, including $879 billion to service current debt. [That is interest paid on debt, like interest you paid on your home mortgage. Yes, governments borrow money and pay interest on it.] “‘The impetus for these massive deficits is federal government spending, which tipped the scales at $6.1 trillion last year. Government receipts [money received], meanwhile, were $4.4 trillion, woefully short of the $5 trillion previously forecasted,’ the report stated. “‘A slowing economy and counterproductive tax increases were key drivers behind the $457 billion drop in receipts from the prior fiscal year,’ it added.” https://conservativejournalreview.com/treasury-reveals-serious-problems-ahead-for-us-economy/? I dare you to look at the running debt clock...https://www.usdebtclock.org/ the economist
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