Part 1/7:
Understanding America’s Financial Landscape
This year, the Biden Administration has spent over $6.75 trillion and the national debt has eclipsed $36 trillion. With these staggering figures, many are left wondering where accountability lies within government financial management. According to recent discussions, a crucial factor contributing to this turmoil is the rise in what is termed the administrative state—the bureaucratic apparatus that has expanded over the last century, operating largely independent of the elected officials meant to oversee it. This bureaucratic bloat not only creates inefficiencies but also culminates in unaccountable spending that has undermined economic stability.