The new revised numbers for the first quarter of 2024 GDP are out. Originally, we were told that personal consumption expenditure growth was 2.5% and government expenditures were up 1.2% – breaking the streak of government outgrowing the private sector. But wait. Those numbers have both been heavily revised with this final estimate to 1.5% and 1.8%, respectively. That means growth in government expenditures has outpaced growth in consumer spending for seven straight quarters.

This is completely unsustainable, being fueled by Biden’s multi-trillion-dollar debt binge. But Biden and the Left are in favor of big government, so they want it to grow and grow.