Government Deficits Running $100 Billion a Month; Lenders Not Concerned

government-deficits-running-100-billion-a-month-lenders-not-concerned

The U.S. Treasury announced on Friday that the federal government has spent $1.8 trillion since October 1, while tax receipts were only $1.3 trillion. According to Modern Monetary Theory, this is just fine.

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Author: Bob Adelmann

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