WASHINGTON — The US Budget deficit hit the second-highest on record at $2.77 trillion in 2021. According to the AP, the highest on record was 2020 at $3.13, which was marred by the COVID pandemic.
The Biden regime attempted to celebrate the $360 billion in savings as a win, but is this really a win for Americans? Government spending totaled nearly $7 trillion in 2021 based on the report.
Nearly 50% of our entire federal spending is being borrowed. Borrowed from our children’s future and from other countries like communist China.
The AP reports Treasury Secretary Janet Yellen said, “Under President Biden’s leadership, the U.S. economy is getting back on track and Americans are getting back to work.” But getting Americans back to work is not addressing the budget crisis that America is facing.
Unemployment may fall, but America cannot keep spending at this rate. The national debt continues to rise, but the Biden regime does not appear to be focused on addressing the problem.
In fact, Democrats continue to focus on their $3.5 trillion spending plan.
Biden has indicated that he does not believe the votes are present to pass the measure with the tax increases that he had wanted. Some Democrats continue to stand against the massive plan, preferring to scale it back to a lower spending total.
In light of the recent report, is the spending necessary? Is it worth adding several trillion more in debt for services each year just so we can provide services and entitlement programs?
It seems that the majority of Americans do not believe in the spending plans. According to a recent poll, 70% of Americans do not support the massive spending proposals.
Support The Liberty Loft by donating via PayPal or donate with crypto. Your support helps us achieve our mission to deliver conservative news and opinion. You can find us on a wide variety of social media channels or subscribe to our notifications to receive all the latest information as it is released.
969535 392851Safest the world toasts are created to captivate and also faithfulness to your wedding couple. Beginner sound system watching high decibel locations would be wise to always remember some sort of vital secret developed by presentation, which is your auto. very best man speeches funny 849232
254766 730723Some truly very good content material on this internet site , appreciate it for contribution. 334294
114256 416588This kind of publish appears to get yourself a great deal of visitors. How will you acquire traffic to that? It provides a great distinctive twist upon issues. I guess having something traditional or maybe substantial to give information on will be the central aspect. 130429
94811 251002Exceptional post. I was checking constantly this blog and Im impressed! Really beneficial info specially the last part I care for such information significantly. I was seeking this particular info for a long time. Thank you and greatest of luck. 66551
391510 713239A actually fascinating read, I could effectively not agree entirely, but you do make some quite legitimate factors. 349617
291259 360822An fascinating dialogue is value comment. I feel that its finest to write extra on this matter, it may not be a taboo topic nevertheless generally people are not enough to speak on such topics. To the next. Cheers 787525