What is the current state of federal spending in the United States?

According to James Freeman of the Wall Street Journal, the U.S. is currently running nearly $2 trillion deficits during peacetime with low unemployment, which he characterizes as 'insane' and akin to 'emergency spending' that has become 'almost a habit.' The government is also facing significant fraud issues, exemplified by a $59 million racket for luxury hotel rooms to house migrants, with rooms costing $377 per night. This fiscal situation highlights the alarming scale of government spending despite relatively stable economic conditions.