The federal government closed out fiscal year 2024 at the end of September, and in this week’s “Three on Thursday,” we dive into the current state of federal finances, offering a historical perspective as well. In fiscal year 2024 alone, government spending reached an astounding $6.75 trillion. With annual deficits now in the trillions and interest payments on government debt at record levels, it’s clear that significant changes are needed. 

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