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Reciepts totaled 187 billion while expenditures were 423 billion.
Social Security and Medicare spending up 5%, Medicaid spending up 9%.
Will be interesting if President Trump proposal passes with the 0% payroll tax as tax receipts have only been 855 billion dollars for individual income tax, corporate and other taxes so far. The government has spent around 2 trillion so far.
Deficit spending is a must right now to get us through this depression.
Now yes. But the figures shown are for February, before we started to spend on Covid-19. In February 2020 we were still like, "hey this is the greatest economy of all time", so why were we still piling on the debt?
Reciepts totaled 187 billion while expenditures were 423 billion.
Social Security and Medicare spending up 5%, Medicaid spending up 9%.
Will be interesting if President Trump proposal passes with the 0% payroll tax as tax receipts have only been 855 billion dollars for individual income tax, corporate and other taxes so far. The government has spent around 2 trillion so far.
Gosh do you think many in Congress and the President lied when they said they cared about the debt?
Out of control spending.
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