Economist Stephen Moore is warning the world about the massive amount of debt the US is putting on or planning to put on under the Biden/Obama Administration.
Former Chief Economist for President Trump, Steven Moore discussed the Democrats’ plans to place the US in unpayable debt.
According to a report at Newsmax:
The White House’s bait and switch on a supposed infrastructure compromise showed “Republicans got snookered,” but also President “Joe Biden overplayed his hand,” according to former Trump economist Stephen Moore.
“We’re looking at, if Biden passes his whole agenda, increasing the national debt by about $22 trillion over the next decade,” Moore told Sunday’s “The Cats Roundtable” on WABC 770 AM-N.Y.
“A great country does not borrow its way to prosperity.”
Moore told host John Catsimatidis, a shrinking group of Republicans fell for a trap set by Democrats, negotiating an infrastructure deal only to have Biden turn around shortly after to say the deal would not be passed unless a massive budget reconciliation package sought by Democrats is brought to his desk.
“I’m really surprised that the Republicans thought they could make an honest deal with Biden, because he’s not been an honest broker,” Moore added.
If the Democrats have their way they will nearly double the amount of US Debt.
As of today, the amount of debt the US has accumulated is around $28 trillion:
Another $22 trillion would put the US’s debt at around $50 trillion.
Will the US debt ever be paid off? Will it be a burden for our children?
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