Debt and Inflation Are Not Equal to Growth: Biden’s Illusion of a Good Economy
The White House brags that Americans are prospering, yet only one in seven Americans report feeling better off.
Biden claims economic success with the 3.3% GDP growth, but the number is inflated by government deficits and debt, caused by Biden’s spending on social programs, including money given to illegal aliens.
Under Joe Biden, the U.S. debt has reached a record level of $34 trillion, which is 124% of GDP. Interest on the national debt is crippling the economy. In 2023, the US government had to pay net interest costs of $659 billion. Moreover, with Biden continuing to run a deficit and give away money,
