Deficit

The federal government continues to spend far more than it collects in revenue, creating deficits that grow the national debt year after year. No household can survive indefinitely by spending more than it earns, and the same principle ultimately applies to government. When we run persistent deficits, we are effectively sending the bill to the next generation, children who never agreed to fund today’s excess. That does not mean every program should be slashed blindly. Efforts like the Department of Government Efficiency have highlighted waste, but real reform requires precision, not a sledgehammer. Responsible leadership means identifying wasteful spending, protecting what actually works, and making disciplined choices so that we stop borrowing against our children’s future.

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https://fiscaldata.treasury.gov/americas-finance-guide/national-debt/

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