New York and Florida have similar populations of 20 million and 21 million, respectively. But state and local governments in New York spent twice as much ($348 billion) as governments in Florida ($177 billion), as discussed here.
New York’s
New York and Florida have similar populations of 20 million and 21 million, respectively. But state and local governments in New York spent twice as much ($348 billion) as governments in Florida ($177 billion), as discussed here.
New York’s
Elizabeth Warren and Bernie Sanders continued to bash wealth in the Democratic presidential debate Tuesday night. They view wealth as a zero-sum – that people at the top essentially stole their fortunes from the rest of us. Sanders said,
The other day, I wrote about the disadvantages of state and local governments issuing general obligation debt. Those governments currently have more than $3 trillion in overall debt outstanding. Government borrowing enriches financial firms, encourages corruption, and magnifies the ultimate
The U.S. Treasury reports that the federal budget deficit was $779 billion in fiscal 2018. The deficit is caused by spending in excess of tax revenues and is financed by borrowing from foreign and domestic creditors.
Federal spending in 2018