Great job, Biden! Social Security is going broke and debt is soaring

By Bo Beard | May 16, 2024

Substantial debt

The national debt has surged to $34 trillion and is swiftly approaching $35 trillion. This represents a significant rise from around $27 trillion at the start of Biden's term.

test article image
Getty Images

The burden of such a substantial debt is straining other government spending priorities, with interest payments alone consuming a larger portion of the budget. 

First seven months

test article image
via YouTube

In the first seven months of the current fiscal year, interest payments on the debt have surpassed both defense and Medicare expenditures in terms of taxpayer costs.