What’s up with the explosion of federal debt in the last 4 months?

[Anonymous]

Anonymous wrote:That’s Bidenomics

*checks notes*

Nope.

[Anonymous]

Proponents of government spending will claim it is a tax revenue problem, we need to raise taxes. Fiscal conservatives will claim we have a spending problem, with government spending increasing above inflation rates. I always thought a government should attempt to run a balanced budget, but both parties simply continue to spend. The Federal spending does stimulate the economy and increases GDP, kind of like a sugar high.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:It’s not also that the cost of debt servicing went up and we are also funding those costs with debt?

No, it’s not that because new rates only affect new debt.

No… it is that.

+1

[Anonymous]

Thanks, Biden!

[Anonymous]

Read the actual economic analyses.