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The US Government has $\\\$X$ in spending and raises $\\\$Y$ in revenue. Usually, $X>Y$. So, the US Government (or more specifically the US Treasury) has to cover this $\\\$(X-Y)$ difference (or funding requirement/shortfall). It does so by issuing bonds (or notes or bills) worth $\\\$(X-Y)$. Pretty much anyone is free to buy these bonds, including the ...


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