How the US wastes billions - government spending exposed
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1 month ago
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Government spending is out of control. This year alone, Australia is set to spend $778 billion, around $300 billion more than just seven years ago. That’s the fastest surge in spending in modern history. But why is spending a bad thing? When governments spend too much, prices go up. Inflation hits hardest when there’s too much money chasing too few goods. Cutting waste is one of the best ways to bring those prices down and give relief to working families. Too much spending can create dependence.
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