Episode 199 Federal taxes and spending explained

Summary: DOGE has dominated the news with its recommended cuts to the federal budget. But most people have no idea how most of the $7 trillion per year is spent or how it's funded. Tom breaks down federal spending and tax revenues to clarify where the money comes from and where it goes. Links: Watch this episode on YouTube The Budget and Economic Outlook: 2025 to 2035 (CBO) Total US Government Spending (federal, state, local) Trump's cuts could cause (necessary) economic pain (Tom's Substack) Free Gifts from Tom: Get a free copy of It’s the Fed, Stupid at itsthefedstupid.com! Learn more about the philosophical differences between conservatives, liberals, and the founding fathers in this free excerpt of Tom’s 2015 book, Where Do Conservatives and Liberals Come From? Check out Tom’s new podcast, Tom Mullen Talks Movies! Like the music on Tom Mullen Talks Freedom? You can hear more at tommullensings.com!