Under Biden U.S. National Debt Hits Record-High $31 Trillion
Biden stated in a tweet not so long ago that he was working toward creating a better America. His government asserts that we are in a better position now than we were when Donald Trump was the President.
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It would appear that they are not following the latest financial news. The situation with inflation is not improving. The tax burden is astronomical. And because the supply chain is disrupted, prices are completely out of control.However, this is only the top of a potentially lethal iceberg. While Joe is dozing off behind the car, a new and horrifying record for the national debt is set.
In only the previous five years, the national debt had reached $20 trillion. When Joe Biden was in office, it rocketed up to $31 trillion.The fact that the Internal Revenue Service IRS collected a record-breaking amount of money this year makes this news even more upsetting.
Despite the fact that it is bringing in so much money (a figure that continues to rise with each passing year), the government is not paying off its enormous debt.While everything is going on, Joe the Idiot is handing billions of dollars to Ukraine, eliminating $500 billion worth of student debts, and proposing to expand government welfare programs.
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The national debt continues to rise thanks to Biden’s policies. However, creditors will eventually come knocking at your door. It is not possible for a family to continue to charge their credit cards to the maximum amount before the collection agency shows up.
And in order to prevent the entire financial structure from collapsing, the United States cannot continue to add to the deficit. All around us are indications that the economy is in a state of distress. Biden persists in ignoring the signs, despite the fact that they are present everywhere.
Whoever is familiar with our past can tell you that the first sign of a recession (and a depression) is a collapse in the housing market. This is true for both the United States and other countries.This took place in 2008, and it is currently taking place once more.Despite this, Biden and the liberal media act as though nothing is wrong.