Government spending in recent years has been out of control, and it’s due to both parties. Trump spent a lot of money during the pandemic, but then Biden basically said ‘hold my beer’ and spent even more.

Now our national debt tops $31 trillion dollars. That is a number so staggeringly high that most people can’t even imagine it.

Well, Democrats like historic firsts. Enjoy this first, Biden supporters.

Anyone feeling a little uneasy about this?

From the New York Post:

US national debt surpasses $31 trillion for the first time in history

The US national debt has passed $31 trillion for the first time in history.

Treasury Department data released Tuesday showed that the total national debt was $31.123 trillion as of Monday.

The new milestone was reached even as the federal government’s insatiable spending has slowed considerably as the COVID-19 pandemic has waned. In the months following the outbreak, the national debt rose by $1 trillion in just a month’s time — not just once but twice in 2020.

As a result, the federal government spent $3.1 trillion more than it received in 2020, and it spent $2.8 trillion more than it received the following year.

In 2022, the budget deficit is expected to be about $1 trillion. Some experts believe $1 trillion per year in new debt is the floor given growth in entitlement spending as well as new spending priorities set by Congress this year. Those priorities include the health and environmental policy bill known as the Inflation Reduction Act and assisting Ukraine in its war with Russia.

Even liberal media outlets are running this story with a picture of Biden. Isn’t that interesting?

This will be part of Biden’s legacy, whether Democrats like it or not.


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