Biden's economic legacy - 20% Bidenflation and a debt trap for America

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Biden's economic legacy - 20% Bidenflation and a debt trap for America

Published: Saturday, January 18th, 2025 @ 11:29 am
By: John Steed ( More Entries )

Biden's economiuc legacy for America is dire and will prove a real challenge for President Trump to fix. It begins with 20% Bidenflation, and inflation has just racheted up again as Biden is leaving office. Part of that comes from Biden's climate alarmist energy policies, as the cost of energy impacts the cost of everything. It also comes from Biden's debt-fueled overspending. Under Biden, interest on the national debt has exceeded defense spending for the first time in history. In leaving office, Biden is still on a spending spree, most recently in trying yet again to illegally forgive student loan debts and put the American taxpayer on the hook for them instead of the students who actually benefited from the loans.

https://tippinsights.com/bidens-crowning-legacy-20-bidenflation-and-the-economic-carnage-left-behind/

BIden has brought us to the point that America could easily slip into a debt trap or debt spiral, where there is simply no good outcome available, and runaway inflation, horrible though in may be, may be the least bad. America has had horrid economic stewardship over the last four years.

https://www.zerohedge.com/news/2025-01-17/joe-bidens-last-day-us-dangerously-close-point-no-return-podcast

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Comments

Rino Hunter said:

( January 20th, 2025 @ 1:28 pm )

Economic illiterates on the far left like Bolshevik Bob just refuse to grasp how much damage debt and a debt trap can do to an economy. The war debt from the Napoleonic Ward almost blew up the British economy in the 1820s, and World War I debt did blow up the German economy a century later. Now "woke" debt seriously threatens the American economy. Where it really got where its sustainability was questionable was Biden's "green energy" debt.

Big Bob said:

( January 20th, 2025 @ 10:56 am )

The economy is one of the strongest. Hope trump doesn’t f it up.

Concerned Taxpayer said:

( January 20th, 2025 @ 10:43 am )

What the Biden Democrats have done to our economy will NOT be an easy fix for Trump. If anyone can do it, I believe he can, but it is still no certain thing. There needs to be a meat ax taken to federal spending but service on the debt is so high that alone might not be enough.

Who is this man...Donald J. Trump?

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