It Is Obvious That Biden is Not Serious About Securing the Southern Border!
President Joe Biden, working with a Democrat-controlled Congress, increased the federal debt in 2022 by approximately $11,374 per every American worker.
On Dec. 31, 2021, according to the U.S. Treasury, the federal debt was $29,617,214,856,051.75. By Dec. 30, 2022, it was $31,419,689,421,557.90. So, in calendar year 2022, the federal debt increased by $1,802,474,565,506.15.
As of November, according to the Bureau of Labor Statistics, there were 158,470,000 people employed in this country. That means that the $1,802,474,565,506.15 increase in the federal debt in calendar 2022 equaled approximately $11,374 for each of those 158,470,000 employed people.
Believe or not, that was actually a little less than the federal debt increased in calendar year 2021, almost all of which was presided over by the Biden administration, which entered office on Jan. 20, 2021.
From Dec. 31, 2020, to Dec. 31. 2021, the federal debt rose from $27,747,797,947,667.77 to $29,617,214,856,051.75 -- a one-year increase of $1,869,416,908,383.98. In November 2021, there were 155,324,000 people employed in the United States. So, the one-year per-worker increase in the debt that year was approximately $12,036.
The cumulative debt increase of $3,671,891,473,890.13 over the last two years equals $23,170.89 for each of the 158,470,000 people who were employed in this country as of November.
Did you get your money's worth?
Will the government ever pay this money back?
The answers are no and no.
In the first three months of this fiscal year -- October through December -- the biggest recipient of federal spending has been the Department of Health and Human Services, which is essentially a welfare agency. So far, according to the Daily Treasury Statement, the government has spent a total of $410,745,000,000 on HHS programs.
Copyright 2023 Creators Syndicate, Inc.