$53 Trillion in Debt
Earlier this month, President Biden finally released his proposed Fiscal Year 2025budget to Congress.
Over a ten-year period, the president’s budget includes:
$86.6 trillion in spending over the next decade,
$16.3 trillion in cumulative deficits over the next decade,
$4.9 trillion in new taxes on American families and small businesses,
$12.6 trillion spent paying just the interest on our national debt, which is $2 trillion more than would be spent on our national defense.
$53 Trillion in Debt
Earlier this month, President Biden finally released his proposed Fiscal Year 2025budget to Congress.
Over a ten-year period, the president’s budget includes:
$86.6 trillion in spending over the next decade,
$16.3 trillion in cumulative deficits over the next decade,
$4.9 trillion in new taxes on American families and small businesses,
$12.6 trillion spent paying just the interest on our national debt, which is $2 trillion more than would be spent on our national defense.