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Federal Budget Deficit (view source)

Revision as of 00:18, September 5, 2020

201 bytes added ,  00:18, September 5, 2020
due to the Wuhan virus is the largest percentage of the GDP since wartime 1945
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'''Federal Budget Deficit''' is the difference in any year between the [[government]] revenue and the government spending. The national [[debt]] is the cumulative unpaid total of the annual [[deficit]]. The government essentially always runs a deficit, in large part due to [[Medicare]] expanding far beyond [[CBO]] expectations.
 
'''Federal Budget Deficit''' is the difference in any year between the [[government]] revenue and the government spending. The national [[debt]] is the cumulative unpaid total of the annual [[deficit]]. The government essentially always runs a deficit, in large part due to [[Medicare]] expanding far beyond [[CBO]] expectations.
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The Federal Budget Deficit for 2020 is predicted by the [[CBO]] to be $3.3 trillion, roughly 16% of [[GDP]], which due to the [[Wuhan virus]] is the largest percentage of the GDP since wartime 1945.
    
As reported by ''[[USA Today]]'':<ref>
 
As reported by ''[[USA Today]]'':<ref>
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