US EditionFederal Spending In 2025 Is On Track To Be The Highest Ever
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Federal Spending In 2025 Is On Track To Be The Highest Ever
The Republican leadership’s own numbers show that the Trump-approved budget under the Republicans will only increase each annual deficit further in coming years. (Mises Institute) For the first five months of the 2025 fiscal year, federal spending is coming in at the highest level ever. This is true even when we adjust for CPI inflation. This largely reflects Biden-era spending since the current fiscal year began during October 2024, during the …
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