President Biden’s economic policies have been criticized for causing cumulative inflation to skyrocket and accelerating the accumulation of national debt. According to the Congressional Budget Office (CBO), the U.S. national debt is projected to surpass $50 trillion in a decade, with some estimates suggesting it could reach $56 trillion. Currently, the national debt stands at $34.863 trillion. Prominent figures, including Rep. Feenstra and Mike Pompeo, have expressed concerns over the mounting debt and its potential threat to the country's future. Additionally, the Bank for International Settlements (BIS) has warned that soaring government debt could destabilize global financial markets. Taxes and debt limit battles loom.
Soaring government debt could roil global financial markets, warns BIS director https://t.co/ZHxPCLJJj0
Central banks should set a ‘high bar’ for interest rate cuts, BIS warns via @FT https://t.co/YoG4gN5GXB
Projected U.S. debt could surpass $56 trillion in the next decade, warns Congressional Budget Office. Taxes and debt limit battles loom. #USdebt #CBO #economy
Central banks should set a ‘high bar’ for interest rate cuts, BIS warns https://t.co/XyeT2qbaLo
Meanwhile, US debt reached $34.863 trillion. https://t.co/aggFoC4X01
We must wake up to the threat America’s mounting national debt poses to the future of our country before it is too late. https://t.co/HS1uDmJIR7
National Debt Crisis Will Destroy The USA (It Just Got Worse) https://t.co/kZHcf5UewS
President Biden’s economic policies have not only caused cumulative inflation to skyrocket, but they have also accelerated our accumulation of debt. According to the CBO, our national debt will surpass $50 trillion in a decade. We need to reverse course. https://t.co/U8TdF9TkyW