By Ophelia Garrett
As the U.S plummets further into national debt, a record $31 trillion in gross national debt to be exact, Biden continues to send millions in aid to Ukraine. Yet his own citizens are struggling to put gas into their cars to go to work and put groceries on the table they can barely afford.
The United States’ public debt closed at $31.1 trillion on Monday, according to Treasury Department data published on Tuesday. Meanwhile, the inflation rate has hit a 40 year high.
The $31 trillion threshold poses a political problem for President Biden, who has pledged to seek a more sustainable fiscal path and reduce federal budget deficits by $1 trillion over a decade. It also directly contradicts Biden’s claim in September 2021 that his $3.5 trillion spending agenda actually cost “zero dollars” because of his sure, capable handling of taxpayer dollars.
The Committee for a Responsible Federal Budget estimates Biden’s debt addiction has added nearly $5 trillion in under 2 years since Biden was sworn in.
Sung Won Sohn, an economics professor at Loyola Marymount University, told AP, “it took this nation 200 years to pile up its first trillion dollars in national debt, and since the pandemic we have been adding at the rate of 1 trillion nearly every quarter.” (Via Breitbart).
“My Build Back Better Agenda costs zero dollars.” – President Joe Biden via Twitter