Say the budget is 5 trillion (rounded for simplicity) and the deficit is estimated at 1 trillion. So taxes reportedly will cover 80% of spending.
I have a hard time believing 5T is all we're spending. Yes, it's monstrous, but I would not expect the off-budget spending to be anywhere near immaterial. No amount of hidden spending/printing would surprise me.
So if $5 trillion is the public budget, how high do you think the total budget is?
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