This is absolutely insane: The US government is projected to spend $13.0 TRILLION by 2029, according to IMF estimates. That’s nearly double the $6.8 trillion spent in Fiscal Year 2024.

This is absolutely insane: The US government is projected to spend $13.0 TRILLION by 2029, according to IMF estimates. That’s nearly double the $6.8 trillion spent in Fiscal Year 2024.

For context: before 2008, government expenditures were 3 TIMES lower.

Meanwhile, last month, the US posted its third-largest budget deficit in history — $1.8 TRILLION, or 6.4% of GDP.

Right now, total federal debt has hit a new record of $35.9 trillion.

So, here’s the question: what’s the endgame here?

submitted by /u/FXgram_
[link] [comments]

Make a post in our subreddit XGramatikInsights, and your thoughts will appear here!

Share the Post:

Related Posts