President Biden's proposed $7.3-trillion budget is criticized by Rep. Feenstra for fueling inflation and increasing the debt crisis. Feenstra introduced legislation for a balanced budget instead of more spending. The budget would raise taxes by $5.5 trillion, resulting in a $1.8-trillion deficit for Fiscal Year 2025. The Republican Study Committee also criticizes Biden's budget as a cycle of tax, spend, and repeat. Additionally, Biden's government is set to spend $1.6 trillion this year on interest payments for a $35 trillion debt, with the US Government debt increasing by over 24% in 3 years.
Biden’s government will spend whopping $1.6 trillion this year for interest payments on debt. That’s 4.5% on a debt of $35 trillion. Banksters have snared the US in debt trap.
🇺🇸 US Government Debt is Up Over 24% in 3 Years January, 2021: $27.7 trillion Now: $34.5 trillion https://t.co/afDeQ7tj9z
Biden's budget: tax, spend, rinse, repeat. https://t.co/iYRjoKpkLu
President Biden’s $7.3-trillion budget continues his administration’s reckless spending policies. This bloated budget would raise taxes by $5.5 trillion and leave our country with a $1.8-trillion budget deficit for Fiscal Year 2025. We need to BALANCE our budget!
President Biden’s $7.3-trillion budget continues his administration’s reckless spending policies. This bloated budget would raise taxes by $5.5 trillion leave our country with a $1.8-trillion budget deficit for Fiscal Year 2025. We need to BALANCE our budget!
President Biden’s $7.3-trillion budget is an unserious proposal that will only fuel inflation & exacerbate our debt crisis. That’s why I introduced legislation to require the President to submit a BALANCED budget to Congress — not trillions of dollars in more reckless spending.