United States deficits are the problem
The 2024 Financial Report of the United States (available online) was presented by Treasury Secretary Janet Yellen on January 16, 2025.This editorial will point out facts and give my opinion. I am not an expert on the US Budget but some facts stand out. Page 61 of the report is the Statement of Operations and Changes in Net Position for the Year Ending September 30, 2024. The numbers provided are in Trillions of dollars. Total Revenue $3.17 Net Cost $5.01 An additional item called “Intergovernmental Transfers” adds $ 0.53 billion dollars making the total is $5.54 Trillion Dollars. ...