The federal government spent $6.6 trillion in 2020, according to the Congressional Budget Office. But it only brought in $3.3 trillion. It had to borrow the other $3.3 trillion. In November 2020, the government was $20.3 trillion in the hole, and if you take a look at this graph that projects the federal deficit as a percentage of the US gross domestic project, the debt will increase. — Read the rest
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