NRPLUS MEMBER ARTICLE J oe Biden finally released his proposed federal budget Friday, just before the Memorial Day holiday. It’s almost as if the White House didn’t want people to look at it too closely.
The Congressional Budget Office reports that if everything that Biden has proposed were to be approved by the Democratic Congress, the national debt would climb by $22 trillion over the next decade. That’s a $7.6 trillion increase in the deficit, and that’s after the recovery from COVID-19’s disruptions.
Here’s how the numbers stack up:
The publicly held debt would skyrocket from 98 percent of GDP in 2020 to 130 percent by 2031, …