News by Guest Editorial: Howard Roark on South Shore Press

Bigger Government Spending, Bigger Problems: An Analysis of the Federal Deficit

In fiscal year 2024 the United States will produce a $1.9 trillion federal deficit, an issue that continues to stir debate among economists and policymakers alike. According to economic analyst Nancy Lazar of Piper Sandler, this deficit is primarily driven by entitlement programs and interest payments, which are now significantly wider than trend and are having ripple effects across the economy. The growing gap between federal spending and revenue is not just a matter of fiscal policy but is having a profound impact on the nation's long-term growth, private investment, and living standards.