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Is Uncle Sam’s Wallet Too Thin?

By WAYNE G FRASER

1 year ago

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...

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1 year ago
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