I’m reading here and there that the US took in about 3.3 trillion in all revenue in 2016.
They spent about 3.8 trillion.
The deficit was a half trillion, 500 billion, so that was about what was borrowed.
That’s less than 15% last year of expenditures
Cut 500 billion in spending and why does there need to be a debt increase?
Someone explain why the government must shut down if you decide not to spend as much?