On the recordJanuary 6, 2011
Assuming the Federal Government spends $3.7 trillion but only receives $2.2 trillion in revenue, that leaves an annual deficit of $1.5 trillion, correct?
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congress.govJohn Cornyn: “Assuming the Federal Government spends $3.7 trillion but only receives $2.2 trillion in revenue, that leaves an annual…”
Editor's note · Context
John Cornyn questions the arithmetic of federal spending and revenue leading to a significant deficit.
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