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Do you think the Federal Deficits are a Disaster? Should Congress and the Whitehouse cut spend down to the taxes collect INCLUDING interest?
Researched this and the last time the 'total Federal Debt' went down was 1960.
3 Answers
- ProfessorLv 73 years agoFavorite Answer
No. That would devastate millions of people, institutions and agencies that depend on the current level of spending where in most cases the money is already not enough. The only solution is to stop tax evasion by the wealthy elite and raise the rate at which they pay.
- tiaLv 43 years ago
Idk but you can bet that somehow Trump will find a way to blame Hillary for this too.