Today, we’re going for a three-fer! We’re going to describe how we can painlessly cut 1 out of every 14 dollars out of the current year’s federal government budget deficit, while simultaneously improving the fiscal situation for the government’s Social Security disability insurance trust fund. Oh, and to make it a three-fer, all while…
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On August 31, total U.S. government debt surpassed $16,000,000,000,000—that’s $16 trillion—for the first time, according to the Treasury Department. The exact amount of the debt on August 31 was $16,015,769,788,215.80, a full $25,000,000,000 – that’s $25 billion—more than what it was the day before on August 30. So the debt is now much more…
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