The federal debt under the Biden-Harris administration is projected to exceed 100% of GDP, marking a significant milestone in U.S. fiscal policy history.
Budget deficits are set to surpass $2 trillion this year, with current policies predicted to escalate this figure to $4 trillion within a decade.
Despite a recovering economy, the Biden administration's American Rescue Plan wasted an opportunity to stabilize the economy by issuing a massive $1.9 trillion stimulus that overshot its goal.
The actions of the Biden-Harris administration have been criticized for ignoring fiscal advice and exacerbating the national debt crisis, inherited from prior administrations.
Collection
[
|
...
]