Does an individual understand these US budgets numbers?https://www.dailymail.co.uk/news/article-9630257/Biden-6T-budget-forecasts-booming-2021-publicly-held-debt-climbing-24-Trillion.html?ito=push-notification&ci=198547&si=14556679&ai=9630257
``````````````````````````````````````````````````````````````````````````````````````````````````````````````````````````````````` Biden's budget will 'drown Americans in debt and inflation': GOP tears into plan to use tax hikes to fund a 25% increase in spending, $36B in climate investments, $2.1B for gun violence and $831million to the 'root causes' of migration
- Biden's budget assumes economic growth of 5.2 per cent this year
- It will cool somewhat to 4.3 per cent next year, then hover around 2 per cent
- Public debt to hit $24 trillion
- Spending would hit $8.2 trillion in a decade and public debt will stay above 100% of the GDP
- The budget includes Biden's $2.3trillion infrastructure proposal, $1.8trillion education and $1.5trillion in spending
- Deficit would be $1.8 trillion
By GEOFF EARLE, DEPUTY U.S. POLITICAL EDITOR FOR DAILYMAIL.COM
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