U.S. Hits New Milestone

Thanks Biden!

The Biden administration’s never ending borrowing addiction has resulted in gross national debt surpassing $31 trillion for the first time in history!

Thanks to President Biden, America is also dealing with record inflation, rising interest rates, and fears of a recession.

According to Breitbart, on Monday the Treasury Department found that the United States’ public debt hit a record $31.1 trillion.

This new and tragic milestone pulled off by President Biden comes at the same time as the Federal Reserve increasing their interest rates to calm 40 year high inflation.

Chief executive officer of the Peterson Foundation Michael Peterson explained, “So many of the concerns we’ve had about our growing debt path are starting to show themselves as we both grow our debt and grow our rates of interest.”

“Too many people were complacent about our debt path in part because rates were so low.”