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Fox Business: Government Spending and Borrowing Puts Us Squarely on the Road to Bankruptcy

February 15, 2024
Dollar Crash, Recession, Market Crash, National Debt

Article by Larry Kudlow in Fox Business

There’s a financial story that deserves more attention than it's getting – and that is the new Congressional budget estimates of Joe Biden's baseline over the next ten years. These numbers are a fiscal fiasco. 

Government spending and borrowing puts us squarely on the road to bankruptcy. Over the next ten years, Biden's spending goes from $6 trillion to $10 trillion. His budget deficit goes from $1.7 trillion to $2.6 trillion.

His borrowing from the public goes from – are you ready for this? $26 trillion, which is bad enough, all the way to $48 trillion which is unbelievable. 

The Congressional Budget Office gives us ......

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