President Biden’s spending and deficits have reached alarming levels, with the deficit for fiscal 2023 increasing to $1.7 trillion, marking a cumulative $5.9 trillion in deficits during his presidency.
Despite increased tax revenues, Biden’s spending has far surpassed pre-pandemic levels, raising concerns about the impact on the economy and national debt.
If Biden knew how to lead instead of taking naps we’d be in a much better situation regarding Ukraine & global security.
There’s no money in the House right now for Ukraine.
We’re running a $2T deficit.
Any money we give to them is borrowing from OUR future.
That’s the facts. pic.twitter.com/mggsHT8QQx
— Congressman Byron Donalds (@RepDonaldsPress) September 23, 2023
His excessive spending has raised baseline spending and deficits for future years, leading to a significant financial burden for the country. (Trending: Disgraced Democrat Sued For Sexual Assault)
“In 2023, the deficit was equal to 6.3% of the nation’s gross domestic product. That deficit is greater than the 50-year average of 3.7% and has been exceeded only six times since 1946,” CBO noted.
The analysis suggests that Biden’s spending surge has created a crisis, with long-term implications even if he does not win reelection.
Joe Biden claims he cut the deficit 😆pic.twitter.com/4GFhYhpqcz
— Gunther Eagleman™ (@GuntherEagleman) October 6, 2023
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