A new report by the Congressional Budget Office reveals that America’s debt crisis has worsened under President Joe Biden, with projections showing skyrocketing government spending and deficits over the next decade. The CBO estimates that annual spending will reach $10.73 trillion by 2035, and the budget deficit will soar to $2.7 trillion. Interest payments on the national debt are projected to reach $1.78 trillion by 2035, more than any other federal program. To prevent further economic crisis, the Trump administration and Congress must slash spending or increase taxes, as highlighted by recent efforts to cut government waste led by Elon Musk and the Department of Government Efficiency.
Full Article


