Over the last 30 years, the nation’s debt has skyrocketed from almost $10 trillion in 1994 to over $35 trillion in 2024, according to recent data from the Department of the Treasury. The federal government had a $1.83 trillion deficit in the past fiscal year alone. And this isn’t a new trend. Many Americans are concerned about the nation’s debt and how it is eating into areas meant to help U.S. citizens, such as Social Security, Medicare and other welfare efforts. So, how has government spending gotten so bad? Understanding this requires a closer look at the federal government’s revenue, spend…