Stephen Moore, an Economist is alerting the world about the tremendous amount of debt that the United States is accumulating or intends to accumulate under the Biden/Obama administration.
President Trump’s former Chief Economist, Steven Moore, outlined the Democrats’ ambitions to put the US in unpayable debt.
According to Newsmax reports:
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.
The US debt will nearly double in size if the Democrats have their way.
The total amount of debt owed by the United States is estimated to be over $28 trillion as of today:
The US debt would rise to roughly $50 trillion if another $22 trillion was added.
Will the United States’ debt ever be repaid? Will our children be burdened by it?