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Excerpt
February 8, Audio: "To balance the federal budget, government revenue must meet or exceed government spending. That’s happened only twice in the past half-century: President Lyndon Johnson did it in 1969, and President Bill Clinton from 1998 to 2001. These days, the federal budget is far from balanced. The federal government has spent $421 billion more than it has collected in fiscal year 2023. Higher interest rates make paying off that debt even more challenging." Listen Via Marketplace