I’m seeing news stories about how the US deficit was reduced by half down to $1.4 Trillion within the last year. How is this possible to move this fast? Does the current government have anything to do with it or is it all external factors?
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The pandemic: government spending went through the roof, while tax revenue went down because businesses were shut down. Then the economy reopened, the government spent several trillion more, but not as much. So….
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