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Old 12-04-2022, 06:29 PM
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Originally Posted by tuccillo View Post
Why don't you tell the whole story? The deficit for FY 2021 was $2.8T. The deficit for FY 2022 was $1.4T. So, instead of spending $2.8T more than the amount of tax revenue in FY 2021, the government only spent $1.4T more than the amount of tax revenue in FY 2022. Yes, I guess that is a $1.4T reduction in the deficit. The government only collected $4.9T in taxes for FY 2022 and they spent $6.3T. Doesn't sound so great anymore, does it? Numbers are meaningless without context.
Maybe the loss of revenue was tax cuts, hmmmm!