K-12 Tax & $pending climate: “net interest on the national debt is the fastest-growing major expense”
No matter how you measure it, the U.S. government is spending significantly more than it did a decade ago. As President Trump prepares his joint address to Congress on Tuesday, the debate over federal spending is front and center. Over the past decade, government spending has surged, driven by pandemic relief, rising costs for entitlement programs and increased defense budgets. Now, some Republicans are pushing to roll back spending to 2019 levels, arguing that cuts are necessary to reduce the deficit and offset tax cuts.
Let’s take a look under the hood at where the money is going and where spending has grown the most since 2015:
