Can DOGE cut its way through America's debt?
This number indeed redefines the frequently used description of America as a “malchus shel chesed.” The $2.44 trillion included budgetary giants like Social Security, Medicare, and Medicaid, along with more than $567 billion in expenditures for programs aimed at children and youth aged 18 and younger.
In the last fiscal or budgetary year, the US budget hit a new record of $6.75 trillion. This includes national defense and interest on the country’s inflated national debt, which has tripled to $36 trillion and counting over the past 20 years.
According to the Treasury Department, the government collected just $4.92 trillion in revenue, resulting in a $1.8 trillion deficit.
How long can America sustain such generosity while its budget is drowning in red ink? Unfortunately, there is no clear answer to that question, as Congress approaches a March 14 deadline to pass a “continuing resolution” — a temporary measure that would postpone long-term budgetary decisions and keep the government operating for another six months — or risk a shutdown that would disrupt vital services like passport issuance and small business loans, and lead to furloughs of some federal employees without pay during the shutdown.
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