Consider the public debt when casting your vote.
Despite the biased rhetoric, according to the US Treasury Biden increased the Public Debt by $7.85 trillion to Trump’s $5.5 trillion.
The Congressional Budget Office just announced its projection for the federal government budget deficit for fiscal year 2024. They project the deficit will be about $2 trillion. That means President Biden will have added more to the public debt than any president in history.
Before President Biden's huge deficits, President Trump held the record for most deficit spending. According to the US Treasury:
That means by year-end the total public debt will be about $35 trillion. Annual interest payments on that debt will be more than $800 billion this year and will climb to $1 trillion within the next few years, especially considering the refinanced debt will have much higher interest rates than the original debt.
The Trump administration kept the annual budget deficit under $1 trillion for the first three years. Then in March 2020, COVID forced the government to completely shut down the economy leading to a recession. To prevent the recession from deepening, Congress passed massive…