Fiscal Overview - The US government's fiscal year 2023 reveals a significant deficit, with $6.16 trillion in spending against $4.47 trillion in revenue [1] - The annual deficit reaches $1.69 trillion, indicating substantial overspending [1] Revenue Composition - Individual income taxes and payroll taxes constitute the primary sources of government revenue [2] - Corporate taxes contribute a comparatively smaller portion to the overall revenue [2] Expenditure Allocation - Social Security, defense, and Medicare represent the largest categories of government spending [2] - Interest payments on existing debt consume hundreds of billions of dollars annually [1]