The U.S. federal budget deficit will be $1.1 trillion in FY 2021. Here are the reasons why the deficit is out of control and when you should be concerned.
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Mandatory spending includes government-funded programs such as Medicare, Medicaid and Social Security. These are necessary programs, but they are not self- ...
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Mandatory spending for FY 2020 is $2.841 trillion. It includes Social Security, Medicare, Medicaid, and other entitlement and needs-based programs. Jim McGuire / Getty Images Mandatory spending is estimated to be $2.966 trillion for FY 2021. The two largest mandatory programs are Social Security a
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