Bidenomics Keeps Driving Up The U.S. National Debt For No Discernible Good Reason

All American presidents in more recent years, regardless of party, have been terrible at trying to control the U.S. national debt.

But President Joe Biden is turning running up the debt into an art form.

Terence Jeffrey of CNSNews.com, a conservative website, explained with a report on Friday.

Jeffrey tapped into data at the U.S. Treasury Department’s “Debt to the Penny” website. As the name implies, the Treasury uses the site to update the national debt each day.

Jeffrey noted that when Biden took office on Jan. 20, 2021, the national debt stood at $27.75 trillion.

When Treasury closed up shop on Thursday, the last day the site was updated, the national debt was $30.82 trillion.

That’s an increase of $3.07 trillion during Biden’s 582 days in office.

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That’s going up even as Biden wants to take credit for bringing down the debt, even though that is largely because mandatory COVID-19 spending is sunsetting.

For comparison, former President Donald Trump had added $3.06 trillion to the debt he inherited from former President Barack Obama on Oct. 31, 2019.

That was 1,014 days after Trump took office. Or 432 days more than Biden.

Jeffrey noted that Trump eventually padded the debt by $7.8 trillion.

But that was because of a massive influx of cash necessary to try to keep the U.S. economy afloat after Trump, on the advice of Dr. Anthony Fauci and other scientists, shut down the country, throwing millions out of work and forcing millions of businesses to scale back or simply close.

Biden has continued to spend even as much of the economy had righted itself by the time he took office, and even as Trump’s tax cuts have helped generate record-breaking tax revenues for the federal government.

For further context, the United States did not have as much national debt as Biden as added in his first 19 months until 1990, when President George H.W. Bush was midway through his only term in office.

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Or in other words, 202 years after the Constitution was ratified and the nation’s government was formally established.

Biden is on pace to add $7.69 trillion to the national debt without facing the worst global pandemic in a century.

The views and opinions expressed in this commentary are those of the author and do not necessarily reflect the opinion of The Free Press.

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