Since being inaugurated, Biden has been digging the American people deeper and deeper into debt.
There just isn’t enough money for him to fund his socialist fantasy plans.
But Joe Biden just got some bad news about the deficit that will leave you fuming.
Joe Biden’s spending spree is only getting worse as his Presidency continues.
Just about a month ago, he came out with a record breaking $6 trillion budget that would “rebuild infrastructure.”
Of course, they don’t want you to look into what they mean by infrastructure.
That’s because everything from paid maternity leave to child care is now infrastructure to them.
Not roads and bridges, just redistributive social programs meant to buy votes while impoverishing the American taxpayer.
But it looks like Joe Biden’s plans are starting to catch up with him.
The Congressional Budget Office (CBO) just came out recently saying they expect the federal deficit to balloon to $3 trillion this year.
An historically large increase to the total amount of debt.
The CBO does predict that the deficit will decrease to about $1.15 trillion in 2022, still an enormous amount the American people will be bleeding every year.
The report also noted that inflation will be well beyond the 2% the Federal Reserve aims for.
“The CBO foresees the consumer price index jumping 3.4% in 2021 before hovering at 2.3% for 2022 and 2023 and then slightly edging up to a 2.4% annual average for the rest of the coming decade,” the Washington Examiner reports.
Americans across the nation are already feeling the sting of inflating prices, especially at the pumps, while supply chains are still disrupted from the government mandated economic lockdowns.
But Biden doesn’t seem to be bothered by this.
He still plans on crafting at least two more spending proposals that will each cost over $1 trillion.
It’s almost as if he doesn’t care about the common taxpayer and just wants to chain America down with debt to make his socialist wet dream a reality.
Stay tuned to Right News Wire for any updates to this ongoing story.