https://issuesinsights.com/2023/11/17/two-words-describe-bidens-presidency-reckless-endangerment/
This week we’ve been treated to three government reports that all point in the same direction: Disaster.
Interest payments are through the roof. Real wages continue to fall. And a record number of illegals crossed the border.
That’s just the domestic news. As of this writing, Americans are being held hostage by Iran-supported Hamas terrorists who killed nearly two dozen other Americans when they invaded Israel. Our military forces face increasing Iranian-sponsored attacks in Iraq and Syria. While President Joe Biden lets Iran off the sanctions hook for another four months.
The worry isn’t just whether Biden – the architect of these disasters – will be voted out of office next year. It’s whether the U.S. can survive until then.
Start with the terrible news on the home front. On Monday, the Treasury Department released its monthly financial report, and it was alarming. In October alone, the government made $76 billion in net interest payments – a 77% increase from a year ago and a 153% jump from two years ago.
The Treasury report projects that gross interest payments will top $1 trillion this fiscal year. That will be more than we plan to spend on defense, or Medicare, or Medicaid, or any non-defense domestic discretionary program. And that’s if all goes well, which it rarely does.