Economists and financial experts have emphasized the importance of the debt-to-GDP ratio as a crucial economic indicator, surpassing the significance of the nominal amount of debt held by the government. Traditionally, the focus has been on the nominal amount of debt, which simply measures...
Have you ever wondered how the government spends its money? There is a common misconception that the national budget, known as the General Appropriations Act (GAA), is fully funded and that cash is readily available for all government programs and projects. However, let us set the record straight...