The United States, a titan in the global economic arena, operates a labyrinthine financial system. The nation’s spending habits, especially its burgeoning national debt, have sparked fiery debates among economists, policymakers, and the public. So, let’s dive into the million-dollar question: Is the USA burning a hole in its pocket?Decoding the DollarsEach year, Uncle Sam’s expenditures fluctuate. However, in the fiscal year 2023, the U.S. government splurged approximately a whopping $6.13 trillion. This expenditure surpassed the government’s revenue, leading to a deficit. Federal spending fue...

1 year ago

On Wayne G Fraser