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U.S. Budget Deficit Triples To Record $3.1 Trillion In 2020 As U.S. Spends 90% More Than It Collects
Via: ZeroHedge:
Those who have been following the record surge in US public debt (excluding the roughly $100 trillion in off-balance sheet obligations), which exploded by $3 trillion in the three months following the covid shutdowns and which just hit an all time high $27.1 trillion this week, will be all too aware that the US budget deficit this year – and every year after – will be staggering.
Related: Why Are So Many Americans Suddenly Relocating, Buying Guns and Stockpiling Food?
