00:01
So here we're given a whole bunch of information about the economy.
00:04
We're told that government spending is 3 .9 trillion.
00:07
We're told that tax revenues are 4 .5 trillion.
00:10
We're told that gdp is equal to 14 .02 trillion.
00:14
That is awfully precise.
00:16
And consumer spending is equal to 10 .75.
00:21
So we're also told that net exports is equal to zero.
00:24
So there's no international trade going on.
00:27
It's just the united states going alone.
00:30
So here's my public savings, right? public savings is equal to what the government takes in minus what the government spends, right? the government is taking in $4 .5 trillion, but only spending $3 .9.
00:43
This is sort of hilarious.
00:45
The u .s.
00:45
Government doesn't run a budget surplus very often...