DASHY wrote:
Among those who watched the SOTU speech, 64 percent said they had a positive reaction to Biden’s message, with 35 percent saying they had a “very positive” reaction and 29 percent saying their reaction was “somewhat positive.”
Thirty-five percent of viewers said they had a negative response to the address. Not surprisingly, MAGA i***ts are still in the minority.
$7.3 Trillion Budget 2024
Biden Budget Seeks More Aid for Families, Higher Taxes on Wealthy Households, Corporations
The president's proposed budget would boost federal spending to $7.3 trillion next fiscal year and raise taxes on the wealthy.
The Wall Street Journal
Federal Budget Receipts and Outlays:
Coolidge - Biden
Donald J. Trump
2018 3,329.9 4,109.0 -779.1 20,368.9 16.3 20.2 -3.8
2019 3,463.4 4,447.0 -983.6 21,223.9 16.3 21.0 -4.6
2020 3,421.2 6,550.4 -3,129.2 20,999.7 16.3 31.2 -14.9
estimate 2021 3,580.8 7,249.5 -3,668.7 22,030.0 16.3 32.9 -16.7
Joseph R. Biden
estimate 2022 4,174.2 6,011.1 -1,837.0 23,499.7 17.8 25.6 -7.8
estimate 2023 4,641.0 6,013.0 -1,371.9 24,563.3 18.9 24.5 -5.6
estimate 2024 4,827.8 6,186.8 -1,359.0 25,536.5 18.9 24.2 -5.3
estimate 2025 5,037.9 6,507.7 -1,469.8 26,516.0 19.0 24.5 -5.5
estimate 2026 5,332.1 6,746.3 -1,414.2 27,533.2 19.4 24.5 -5.1
https://www.presidency.ucsb.edu/statistics/data/federal-budget-receipts-and-outlaysIn September 2023, the national debt of the United States had risen to 33.17 trillion U.S. dollars.
The national debt per capita had risen to 85,552 U.S. dollars in 2021.
As represented by the statistic above, the public debt of the United States has been continuously rising.
https://www.statista.com/statistics/187867/public-debt-of-the-united-states-since-1990/“That is a really hard number to really understand, right?” said Rachel Snyderman, the director of economic policy at the Bipartisan Policy Center in Washington, D.C.
Maybe it’s more useful to put that number into an economic context: $34 trillion is bigger than the Chinese economy. Add to that the economies of Japan, Germany, India, and the United Kingdom, and combined they generate about $34 trillion a year.
The $34 trillion is also bigger than our economy.
The United States’ gross domestic product, or GDP, which is the sum total of all the goods and services we produce in a year, is about is about $27 trillion.
“ What this really shows is that the United States likes spending money more than it likes bringing in revenues,” Snyderman said.
Our debt is around 120% of what our economy generates in a year; that’s our debt-to-GDP ratio.
When debt gets this high, it can alarm investors, said Raghuram Rajan, a professor of finance at the University of Chicago’s Booth School of Business, who also served as chief economist at the International Monetary Fund.
“Eventually, you rack up huge debts and nobody trusts you anymore,” he explained.
What we do know is that so far, investors haven’t really blinked, even though conventional wisdom used to hold that a country’s debt should not get higher than 90% of its GDP.
https://www.marketplace.org/2024/01/30/us-national-debt-34-trillion/US Debt Rose By $1.2 Billion Per Hour For The Past 19 Days
https://watcher.guru/news/us-government-debt-rose-by-1-2-billion-per-hour-for-the-past-19-daysWASHINGTON –U.S. Senator Kevin Cramer (R-ND) issued the following statement after President Biden delivered his 2024 State of the Union address.
“I thought it was the worst State of the Union address I have ever listened to or sat through.
We listened to an unhinged, angry, bitter old man screaming and pointing his finger at all his naughty children instead of taking responsibility for the messes he caused.
He is pretending the economy is okay after he drove inflation up to near double digits, over 20% in his three years. He drives the crime rate up with the cutting of police departments and the wide-open border where he puts out the welcome sign to all the i******s, thugs, cartels, and human traffickers.
Then he blames Congress for the very things he did on his first day in office, talking about the need for more regulation and more taxes at a time when we have been regulated and taxed to death, destroying American companies, jobs, and opportunities.
Then you have this geopolitical nonsense.
This guy has made us a laughingstock in the world, and we have wars breaking out all over the place.
His weakness and response to everything from the Houthis and Vladimir Putin to Hamas is just remarkable how the rewrite of history tried to take place last night, except that nobody is buying it.
People know their circumstances.
They can see the problems and crime in the streets, and feel unsafe.
This all happened in the last three years under the watch of Joe Biden.
https://www.cramer.senate.gov/news/press-releases/senator-cramer-responds-to-president-bidens-2024-state-of-the-union-address