Biden’s Inflation "Reduction" Act
Government overspending, which is the fundamental cause of inflation, has wrecked countless countries.
US National Debt is now up a massive $1.5 trillion since the debt ceiling “crisis.” Over the last 3 months alone, the US has added $500 billion PER MONTH to the national debt, on average. Over the last 5 years, US debt is up a whopping 54%. Meanwhile, YTD interest expense just passed $800 BILLION. These numbers are so large it’s hard to believe. This is a crisis.
The US just released their latest budget report for August. CBO estimates now show a $2 trillion deficit next year. Spending is simply out of control.
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