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Shocking stat of the day:
The US budget deficit has averaged 9% of GDP over the last 5 years.
Over the last 12 months alone, the budget gap has hit 7% of GDP.
This is even higher than during the 2001 or the 1980s recessions.
This comes as the US government spent a whopping
时政
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twitter.com
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由
The Kobeissi Letter
提交
Shocking stat of the day:
The US budget deficit has averaged 9% of GDP over the last 5 years.
Over the last 12 months alone, the budget gap has hit 7% of GDP.
This is even higher than during the 2001 or the 1980s recessions.
This comes as the US government spent a whopping $7.1 trillion over the last year, an equivalent of 24% of GDP.
The government is now running larger deficits than during an average economic downturn.
What happens if the US economy enters a recession?
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🚨 Elon Musk on DOGE:
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🚨 Elon Musk on DOGE:
"The ability of Doge to operate is a function of whether the government, and this includes the Congress, is willing to take our advice. We are not the dictators of the government. We are the advisors, and so we can, we can advise, and the progress we've
btc
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twitter.com)
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