Part 2/9:
The crux of the current situation lies in the growing federal debt and deficits, which have reached alarming new heights. Recently, reports indicated the stark truth: the U.S. has incurred $674 billion in deficits during the first two months of the fiscal year, with projections estimating this number could rise to nearly $1 trillion within the first 90 days. This explosive increase in debt has prompted concerns from many legislators, particularly those in the Republican Party, about the ramifications of continued government spending.