H.R. 9519, known as the “Stop Bankrupting Our Country Act,” aims to limit the growth of total Federal spending in the U.S. starting from fiscal year 2025. It proposes that annual Federal expenditures cannot exceed the previous year's amount, adjusted only for inflation and...
Simple Explanation
The “Stop Bankrupting Our Country Act” is a plan to keep the U.S. from spending too much money by limiting the amount the government can spend each year, unless lots of people in charge say it's okay to spend more. If they spend too much, they have to find ways to save money, kind of like when mom and dad have to cut back on buying things if they spend too much.