Spending is out of control:
FY2019 = $4.4T
FY2024 = $6.9T, up 56% since 2019.
My chart here shows a baseline based on population + inflation.
Using that control, FY2024 spending would have been $5.6T vs. the actual $6.9T, and the deficit would have been $500B vs. the actual $1.8T.
Had we used that simple control, total debt would be $8.8T less today.
@RonJohnson
Post #119
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