Escalating U.S. Budget Deficit

The United States budget deficit has reached alarming levels, surpassing figures recorded during previous economic crises, including the pandemic. Recent data indicates that the deficit for the first two months of fiscal year 2025 has ballooned to over $600 billion, a stark increase from around $400 billion in 2020. This significant rise in deficit is attributed to both increased government spending and declining tax revenues, highlighting a troubling trend in fiscal management. The implications of this soaring deficit raise concerns about long-term economic stability and its impact on the average American.