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GAO 08 723 Health Resources and Services Administration Many Gao  Form

GAO 08 723 Health Resources and Services Administration Many Gao Form

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GAO presents America's Money Matters [Music] 2020 people have seen the economic effects of the pandemic and other major world events as well as the federal government's response those responses have included such steps as an increase in federal spending to help people through the covid-19 pandemic in a post-pandemic economy interest rates Rose these events are compounding some pre-existing stressors on the federal government's fiscal condition at GAO we look at debt spending and revenue as key indicators of the nation's fiscal Health if spending surpasses revenues that's a deficit and deficits have reached record highs in recent years with no sign of letting up why an aging population and the high price of Health Care are driving up costs for programs like Social Security and Medicare natural disasters pandemics and other unpredictable emergencies put pressure on an already stretched federal budget at the same time tax revenue has remained constant for the last 20 years and is projecte

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