The Fiscal Year 2025 Financial Report of the United States Government, released on March 19 and signed by Treasury Secretary Scott Bessent, reached the same conclusion it did in past years: “The current fiscal path is unsustainable.”...
Because those numbers do not account for inflation, the actual dollar cost will be far higher.
The missing money can only be raised through an unappetizing combination of
- increased borrowing,
- higher taxes, or
- reduced program spending
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