Biden's "sound fiscal course" increases national debt 58% in 11 years

It includes a subsection that carries the headline: “Debt Outstanding, End of Year.” It shows what the Biden administration predicts the total federal debt would be — under the terms of Biden’s budget proposal — at the end of each fiscal year through 2032.

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At the end of fiscal 2021, it indicates, the total federal debt was $28.386 trillion. At the end of fiscal 2032, it predicts, the total federal debt will be $44.797 trillion.

That means that under Biden’s budget plan the federal debt would increase by $16.411 trillion — or 57.8% — in the 11 fiscal years from when he first took office in fiscal 2021 through fiscal 2032.

That is an average increase of $1.49 trillion per year.

(via Instapundit’s Stephen Green)

[Remember this when the White House starts decrying the irresponsibility of negotiating the nation’s debt limit in connection to federal spending. — Ed]

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