U.S. Treasury Secretary Confirms an Inconvenient Truth: Government Has a Spending Problem

In Analysis by Michael Rae

It’s not often a cabinet official acknowledges that the U.S. government has behavioral flaws, but that’s exactly what happened on January 23, 2020, when U.S. Treasury Secretary Steven Mnuchin confirmed that the U.S. government has a spending problem.
Treasury Secretary Steven Mnuchin said on Thursday the U.S. government cannot sustain federal deficits growing at current levels and will have to slow the rate of spending….
In an interview with CNBC, Mnuchin said increased military and non-military spending was the cause of the deficits, not the tax cuts pushed through Congress by Trump in late 2017….
“If you look at the increase in the

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