Our federal government just reported that in 2023 we had a near $2 trillion annual deficit. Add this to the nearly $6 trillion that President Joe Biden racked up in prior years and you have almost $8 trillion of spending that we could not pay for. And we still have another year left of his presidency. Our national debt is currently an astounding $34 trillion.
A good economy?
What ever happened to the old fashion practice of "pay as you go"? If you want to spend money to help other countries, pay for it. If you want to spend billions on convincing Americans to buy electric vehicles, pay for it. Want to use alternative sources of energy, pay for it. This is a rather novel idea.
In Biden's defense, what is referred to as a "balanced budget" has only been done once this century. It was a customary practice during most of the 20 th Century.
Politicians, the establishment, and media think the American people are not too bright. After all, we are supposed to be happy with our economy.
Americans in poll after poll have screamed back at them that "we are going in the wrong direction." Americans realize the following: We are paying over 20% more for our goods and services since Biden has been in office. We are paying nearly double on mortgages and business interest rates. We understand that the part-time second job is not for luxury items but for necessities.
Even if we are "trending" in........