The federal government is facing a massive spending problem:
Government spending is up to $7.0 trillion over the last 12 months, near the highest in history.
This is only below the ~$7.8 trillion on a 12-month rolling period seen during the 2020 Pandemic and 2021 recovery.
By comparison, before 2020, federal spending was running between $3.5 trillion and $4.5 trillion for 10 years.
Meanwhile, government revenue is up to a record $5.4 trillion over the last 12 months, rising nearly +$1.0 trillion since 2023.
Overall, the gap between federal spending and revenue has persisted for 23 consecutive years.
What’s the long-term plan here?

Is my wife in control of their finances?
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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