President Biden and Congress have set alarming records with their skyrocketing spending and deficits. In just the first 10 months of the fiscal year, the deficit reached a staggering $1.62 trillion, a 131% increase from the previous year, despite a growing economy and no ongoing domestic crises. With revenues dropping by 10% and outlays rising by 11%, the fiscal mismanagement is evident. Interest on the federal debt alone surged by 34%, nearly overshadowing the entire corporate tax revenue. Biden’s fiscal performance is one of the worst in presidential history.
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