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Joe Biden Is Spending Trillions That America Simply Doesn’t Have

via 10 Tampa Bay
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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.

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.

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