Joe Biden has been an economic disaster for Americans.
He has done nothing to address the inflation crisis, and his policies have only made the economy worse.
And now, Biden just unveiled a new plan to bankrupt America.
More than two years into “Bidenomics”, the United States is on the brink of an economic catastrophe.
With inflation still at a generational high and the stock market down massively this year, Biden has destroyed more wealth in two years than most Democrats have in decades.
But that hasn’t stopped Biden from his desire to implement his radical Left-wing policies.
If anything, Biden seems more determined than ever before to ram through his agenda, no matter the political or financial cost to the country.
And now, Biden just outlined a brand new plan to bankrupt America even faster than before.
The Hill reports, “A Democratic-led push for a bipartisan fix to the nation’s debt ceiling while the party still holds control of Congress is getting a chilly reception from Senate Republicans.
Senate Majority Leader Charles Schumer (D-N.Y.) told reporters this week that he’d like to “get a debt ceiling done in this work period.” But Schumer also insisted the matter be handled with GOP support.”
Biden is working to try and raise the debt ceiling now because he knows that once Republicans take over the House of Representatives in January, it will be much harder to do so.
But raising the debt ceiling simply means it will be easier for the Federal government to bankrupt America.
However, Biden is showing no signs of backing down from his demands that the debt ceiling be raised now so that he can continue to spend trillions of dollars that the Federal government simply does not have.
The Hill adds, “The comments come as Democrats have ramped up calls for bipartisan action on the debt limit before January amid growing concerns over a potential showdown next year, when Congress is projected to usher in a new Republican-led House.
The push follows reporting that House Republicans are considering using the fiscal deadline as a leverage point to secure potential reforms to programs like Social Security that have already generated strong pushback from Democrats.”
With the Federal government already spending trillions of dollars a year more than it takes in, the Federal debt has exploded under Biden and now stands at over $31 trillion.
Now, Biden wants to ramp up spending even faster than before with hundreds of billions in new spending for Ukraine and for a student loan bailout that will benefit the Democratic Party’s own base at the expense of working class Americans across the rest of the country.
The problem Biden has is he wants to raise the cap on the ability for the Federal government to blow money it does not have in exchange for nothing.
Biden wants to do nothing to stop the excess spending on things that the Federal government should not be spending money on, and he wants to do so without any consequences.
But with Democrats about to lose control over the House of Representatives, Biden’s ability to bankrupt America at record speed may soon face its biggest test yet.