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US Financial Health & The Debt Cycle
The economics of a country are basically the same as the economics of a company or an individual except the government has a ability to print money. Look at it like a company or like your own. Basically, it's projected to spend about $7 trillion, take in about $5 trillion.So, it's running a 40% deficit, 40% of its spending. It's been running deficits for a long time. So it has a debt that is 600% six times the amount of money that it takes in and we can project that number.The problem with debt cycles, they ...