Joe Biden and the U.S. Congress and the federal government borrowed $4 BILLION every single day, last year, which puts an additional $10,000 in debt on every American household.
Must be nice to just borrow money without any need to ever pay it back.
Imagine the freedom to just buy whatever you want without ever having to budget for it! And without ever being required to actually pay for it.
The federal budget soared by $11.4 trillion in 2022 as Joe Biden continue his wild spending spree.
Per Just the News:
The Congressional Budget Office this month released the final details of federal spending in 2022 showing the federal government had a $1.4 trillion deficit last year, borrowing roughly $82 billion in December alone.
“This is not a pretty picture no matter how you look at it,” said Maya MacGuineas, president of the Committee for a Responsible Federal Budget. “There are times to borrow – like during a pandemic or major recession – and there are times where we should ratchet down the borrowing, like now when the economy is strong and inflation is hot.”
MacGuineas pointed out last year’s borrowing totals more than $10,000 per household and $4 billion per day.
The federal debt surpassed $31 trillion in the fall.
How can this be in the least sustainable?
A lot of this debt is being floated by the Chinese. And if we go to war with them, or they have a collapse of their own (which seems likely), we will collapse along with it.Commentary