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Five Takeaways from AFP’s New Spending Report  

Jul 22, 2019 by AFP

Suppose you earned $26,000 last year, but you spent $32,000 — meaning you borrowed $6,000, which you now have to pay interest on. Most people would say that you’re not living within your means. What’s more, since you you’ve already racked up $168,000 in debt, you’ve been at this overspending thing for a while. Clearly, this isn’t sustainable. Anybody would tell you that now is the time to cut back on your reckless spending and borrowing. But unfortunately, this is how the federal government ran its finances last year, by…

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