The future of America hangs in the balance as the country's financial state is not exactly strong.
A recent report from Truth in Accounting has revealed that 27 states across America, more than half, ended fiscal year 2023 with a deficit, meaning they did not have enough money on hand to cover their financial obligations.
While many states are still rolling in the dough from all the cash that was sent their way during the Wuhan coronavirus (COVID-19) "pandemic," all that money will soon run out. By 2026, federal funds are expected to "dry up," which means many states will have to drastically change the way they manage money and provide services to the public.
"During the pandemic, federal support to states exceeded $800 billion, allowing states to temporarily cut taxes and increase spending," reports The Economic Times of India. "However, these surpluses were short- lived."
"This financial strain could lead to higher taxes, reduced public services, and cuts to benefits programs, leaving many Americans concerned about the future."
Poster Comment:
Notice this article doesn't mention the huge financial burden caring for illegal immigrants. They drive rents and taxes higher and lower wages. They also cause severe strains through over population.