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Bidenomics is working? Tell that to millions in debt and going hungry
Fox News
After promising to rein in federal expenditures, Biden has shackled Americans with trillions of dollars in new spending, fueling inflation and spiking the national debt.
Justin Haskins is the director of the Socialism Research Center at The Heartland Institute and a New York Times bestselling author.
Even worse, Biden has offered absolutely no pathway for paying for his gigantic expansion of government. The 2023 fiscal year is expected is produce a $1.54 trillion budget shortfall, the largest deficit in U.S. history, excluding 2020 and 2021, when COVID-19 lockdowns closed much of the economy.
Biden’s spending programs have helped to keep unemployment at levels that match much of the pre-COVID period of the Trump presidency, but his policies have come with huge new costs that extend well beyond the national debt.