Tax cuts to billionaires and corporations For USA: In FY 2024, the federal government spent $6.75 trillion and collected $4.92 trillion in revenue, resulting in a deficit. The amount by which spending exceeds revenue, $1.83 trillion in 2024, is referred to as deficit spending. http://fiscaldata.treasury.gov/americas-finance-guide/national-deficit/ For Germany: Government revenue as defined in national accounts amounted to 2,012.9 billion euros.  The financial deficit (ne