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Opinion

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

via 10 Tampa Bay

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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