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FINANCIAL NEWS POLITICS

President Biden’s Debt Crisis: National Debt Skyrockets Under Democrat Leadership

ByAlki David

Jun 18, 2023

In a stunning turn of events, President Joe Biden has presided over an alarming surge in the national debt during his time in the White House, far surpassing the numbers of his predecessor, former President Donald Trump. Recent data from the Treasury Department reveals that the national debt has reached a staggering $32.03 trillion, growing by approximately $4.3 trillion since Biden assumed office on January 20, 2021. This massive increase in debt raises concerns about the long-term financial stability of the nation and has left many Americans wondering about the implications for their economic future.

Comparing the debt accumulation of the two presidents during a similar timeframe reveals a stark contrast. Trump, who held office from January 20, 2017, to June 17, 2019, oversaw an increase of $2.1 trillion, taking the national debt from $19.9 trillion to $22 trillion. In comparison, Biden has added twice as much debt in just over two and a half years, with his tenure in the White House witnessing a surge that far exceeds that of his predecessor.

One crucial factor to consider is the political landscape in which these presidents operated. While Biden enjoyed a Democratic-led House and Senate until January 2023 when the GOP gained the House majority, Trump faced a divided government during his time in office. Despite this, Biden’s debt accumulation has soared to unprecedented levels, raising eyebrows across the political spectrum.

The implications of such a skyrocketing national debt are far-reaching and potentially devastating. Mounting debt poses a significant burden on future generations, leaving them to grapple with the consequences of today’s fiscal irresponsibility. The long-term effects of this debt crisis could include higher taxes, reduced economic growth, and a weakened global standing for the United States.

Critics argue that Biden’s ambitious spending plans, including the $1.9 trillion COVID-19 relief package and the proposed infrastructure bill, have contributed to the rapid increase in debt. While the administration argues that these measures are necessary to stimulate the economy and address critical issues, concerns remain about the sustainability of such spending without jeopardizing the nation’s financial future.

Addressing the national debt crisis requires a comprehensive and bipartisan approach. Both Democrats and Republicans must come together to develop responsible fiscal policies that balance the needs of the American people with the long-term health of the nation’s economy. Failure to do so could have severe consequences for future generations, burdening them with an insurmountable debt load that hampers their ability to thrive.

In conclusion, President Joe Biden’s tenure in the White House has witnessed an alarming surge in the national debt, surpassing the debt accumulated by former President Donald Trump during a similar timeframe. This rapid increase in debt raises concerns about the economic future of the United States and the burden it places on future generations. Addressing this crisis requires bipartisan cooperation and responsible fiscal policies that ensure the long-term financial stability of the nation.

By Alki David

Alki David — Publisher, Media Architect, SIN Network Creator - live, direct-to-public communication, media infrastructure, accountability journalism, and independent distribution. Born in Lagos, Nigeria; educated in the United Kingdom and Switzerland; attended the Royal College of Art. Early internet broadcaster — participated in real-time public coverage during the 1997 Mars landing era using experimental online transmission from Beverly Hills. Founder of FilmOn, one of the earliest global internet television networks offering live and on-demand broadcasting outside legacy gatekeepers. Publisher of SHOCKYA — reporting since 2010 on systemic corruption inside the entertainment business and its expansion into law, finance, and regulation. Creator of the SIN Network (ShockYA Integrated Network), a federated media and civic-information infrastructure spanning investigative journalism, live TV, documentary, and court-record reporting. Lived and worked for over 40 years inside global media hubs including Malibu, Beverly Hills, London, Hong Kong and Gstaad. Early encounter with Julian Assange during the first Hologram USA operations proved a formative turning point — exposing the realities of lawfare, information suppression, and concentrated media power. Principal complainant and driving force behind what court filings describe as the largest consolidated media–legal accountability action on record, now before the Eastern Caribbean Supreme Court. Relocated to Antigua & Barbuda and entered sustained legal, civic, and informational confrontation over media power, safeguarding, and accountability at Commonwealth scale.