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How Can Rich Yet Broke Seemingly Stays in Debt
The piece argues the United States is not financially broke despite a $14.3 trillion debt. It notes $2 trillion annual tax revenue, large corporate savings, and banks with up to $2 trillion available to lend. The crisis stems from politics and math, with much debt internally owed to the Federal Reserve and Social Security.
MENTIONED IN THIS ARTICLE
Zachary A. Goldfarb
Washington
United States
U.S
Apple
General Electric
Federal Reserve of Social Security