Entitlement Spending Fuels Debt Crisis, Threatening Economy

The U.S. Treasury Department building in Washington, D.C. Federal revenues have reached record levels, with approximately $4.5 trillion collected annually, according to data from the U.S. Treasury Department. (Getty Images)
 

By    |   Friday, 17 January 2025 06:24 AM EST ET

The United States is grappling with a financial crisis that experts say demands immediate attention.

At the core of this issue is mandatory entitlement spending, which is consuming nearly all federal revenues and contributing to a national debt that is rising at an unsustainable rate. Economists and policymakers are sounding the alarm, pointing out that programs such as Medicare, Medicaid, and Social Security are responsible for unprecedented increases in federal spending.

© 2025 Newsmax. All rights reserved.


platinum
The United States is grappling with a financial crisis that experts say demands immediate attention. At the core of this issue is mandatory entitlement spending, which is consuming nearly all federal revenues and contributing to a national debt that is rising at an...
entitlements, economy, national debt
988
2025-24-17
Friday, 17 January 2025 06:24 AM
Newsmax Media, Inc.
Newsmax Media, Inc.

View on Newsmax