Federal US budget is ~$4T$/year, taxes are ~$2.4T, loans taken ("government bonds") are ~$1.6T/year.
Highly recommended: reading Karl Deninnger on "the market ticker" on a daily basis. His style of writing is not for everyone, but the facts are, and it's hard to find them so coherently laid out in other places.
Comments
Just federal government.
Federal US budget is ~$4T$/year, taxes are ~$2.4T, loans taken ("government bonds") are ~$1.6T/year.
Highly recommended: reading Karl Deninnger on "the market ticker" on a daily basis. His style of writing is not for everyone, but the facts are, and it's hard to find them so coherently laid out in other places.
Thanks. I'll check it out, if I find time to care about the American economy.