Do You Know Where Your Tax Dollars Are Going? Prepare To Be Shocked

Summary:
The Congressional Budget Office (CBO) has released a report revealing that President Biden’s administration has accumulated a near-$1 trillion federal deficit in the first seven months of fiscal year 2023.

The report shows that revenues were 10% lower and outlays were 8% higher from October through April than they were during the same period in fiscal year 2022.

The economy will likely be a major factor in the 2024 election, and Biden will have to face questions on high inflation and other economic issues facing his presidency.

Takeaways:

  1. President Biden’s administration has run a near-$1 trillion federal deficit in the first seven months of fiscal year 2023.
  2. Revenues were 10% lower and outlays were 8% higher from October through April than they were during the same period in fiscal year 2022.
  3. The high spending numbers come as Biden enters into his 2024 re-election campaign.
  4. 54% of American adults believe Trump did a “better job” handling the economy during his administration, compared to 36% who said Biden is handling the economy better.
  5. It’s time for Americans to elect leaders who will prioritize responsible economic policies.


Commentary:
The latest report from the CBO is alarming and shows that the Biden administration’s economic policies are not working.

The country is on a dangerous path of economic instability, and we need to elect leaders who will put America first and prioritize responsible economic policies.

The economy will be a major factor in the 2024 election, and it’s essential that voters hold our elected officials accountable for their actions.

Source Fox News