Government expenditures increase debt to unmanageable levels even with record income.
The U.S. is grappling with a significant debt issue, a concern widely acknowledged by various credible sources, including the Treasury Department and the Federal Reserve. The national debt stands at over 120% of GDP, significantly surpassing what many experts deem sustainable. Deficits are soaring, reaching levels typically associated with wartime—about double the historical average relative […]