Dissecting the Federal Behemoth.

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  • Additional Information
    • Subject Terms:
      UNITED States
    • Abstract:
      The article examines the financial condition and spending of the U.S. federal government in 2021 adapted from the book "Understanding National Wealth: The Triumph of the Most Successful Political Economy in History." Topics discussed include the need to consider existing assets in the debt-to-asset ratio, the emergence of defense spending as the highest priority in the federal budget, and the importance of post-audit process in public sector capital projects.