Inflation soars as Biden pushes for $4 trillion in more spending

These numbers come at a time when the U.S. debt level has eclipsed 100 percent of the gross domestic product for the first time since World War II. The government authorized about $4.1 trillion in spending in 2020 to fight the coronavirus and the economic effects of lockdowns. Then Biden followed up with an additional $1.9 trillion upon taking office. And now, he’s pushing for another $4 trillion in spending. If passed, the government will have enacted $10 trillion in new spending in a little over a year. This is completely reckless. The federal government does not have money to spend. The economy does not need more government spending, it just needs officials to step out of the way and allow businesses to completely reopen now that the vaccine is widely available.
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