The trillion-dollar deficit explained
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WRONG! The federal government's budget is not at all like a household budget. It's fundamentally different, it's the other side of the balance sheet. State government do function like household budgets. Thinking of the federal govt's budget like a household does a huge disservice to people, it's completely wrong. You can't understand federal govt finances until you understand the difference between a currency user and a currency issuer.
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Nice one
Fugly0641 1 year ago
@Fugly0641 thanks
jdp1953 1 year ago