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re: Deficits are up. How is this conservatism?
Posted on 3/6/19 at 11:09 am to LSUFanHouston
Posted on 3/6/19 at 11:09 am to LSUFanHouston
The deficit has reached the point that $0.10 of every fed dollar is needed just to pay the interest.
That means 10% of our tax dollars go to interest.
This snowball effect will pretty much kill any chance to lower the deficit unless some major cutbacks - which also don’t hurt GDP - are made.
The deficit will continue to grow.
That means 10% of our tax dollars go to interest.
This snowball effect will pretty much kill any chance to lower the deficit unless some major cutbacks - which also don’t hurt GDP - are made.
The deficit will continue to grow.
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