U.S. Added $600 Billion In Debt In One Month And $10.47 TRILLION Since Covid Outbreak

26 October 2023

Bidenomics relies heavily on Federal spending and borrowing, leading to significant price hikes and market distortions. In just one month, the US Federal government accrued $600 billion in debt, with a staggering $10.47 trillion borrowed since Covid began in Q1 2020. Retail credit card APR has reached an alarming 28.93%, and credit card debt surpassed $1 trillion. Health insurance costs for families surged to $24,000 this year, the largest increase in over a decade. Despite GDP growth of 4.9% in Q3 2023, accelerating inflation is adversely impacting the middle class.

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