On Monday, the U.S. Treasury announced it is set to borrow $776 billion in the final quarter of 2023, which is the most ever.
Financial Advisor David Wald says the government is essentially going to help fund two wars, the war in Israel and the war in Ukraine, both very expensive. Wald says on top of that, each day and each year there are more people going on social services such as social security. As expenditures continue to grow, the government needs to find money somewhere.
Source: kfyrtv.com
