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Economy Performance, Financial Literacy, Fundamentals Rajwinder Dhanda Economy Performance, Financial Literacy, Fundamentals Rajwinder Dhanda

The Reckless Gamble: Analyzing the Biden-Harris Administration's Approach to U.S. Debt

In a matter of weeks, the U.S. national debt surged by $473 billion, reaching a staggering $35.8 trillion. Each American now bears an average debt of $103,700, while soaring interest payments exceed $1 trillion in 2024. Critics argue that the Biden-Harris administration’s fiscal policies create an illusion of prosperity at the expense of future generations. This article delves into the implications of such reckless economic management and advocates for a return to fiscal responsibility.

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