Joe Biden promised to “build back better.” But instead, he seems to be doing very badly.
His first move to “help” us during the pandemic was to pump the economy with nearly $1 trillion.
But that money wasn’t from taxes; it was freshly printed cash that increased our national debt.
What did that do? It lowered the value of the dollar, causing prices to skyrocket.
Biden didn’t learn his lesson, because he wants to spend nearly $6 trillion over the next decade.
So, experts just gave him—and us—some very bad news.
From Daily Wire:
The Federal Reserve has significantly increased its expectations for inflation this year following massive government spending from Democrat President Joe Biden…
Officials said that increases in interest rates could come as soon as after the 2022 midterms in 2023. However, they previously said that interest rates would not increase until at least 2024.
The “stimulus” Biden gave America back in January will continue to hurt us for the foreseeable future.
The Fed claims that inflation will increase over the rest of the year. That will drive up the cost of everything you buy—resulting in a net loss of income for millions.
And to think, this is all from just one of the spending plans Biden got through. He has at least two more bills that would add to our debt by trillions.
Not only will that increase inflation even more, but those bills come with higher taxes—meaning you’ll have even less money to spend.
Is Joe Biden an idiot? Does he even process these facts before making plans?
Evidently not, because no president worth his salt would put this much pain on the country for no reason.
Trump brought about an amazing economy by cutting regulation, spending, and taxes. That is how you help Americans.
Biden, in contrast, wants to spend more money than we have, raise taxes, and create so much regulation major industries will falter.
Does an America-first president do that? I can’t imagine so.
So, the real question is: who is Biden really putting first?
Source: Daily Wire