It is funny that these 'experts' predict Trump will cut social security benefits because of a shortfall in tax revenue but don't apply that to any other huge deficit spending.
Let's look back at the Trump term.
www.crfb.org
When he took office, US national debt was $19.95T and when he left it was $27.75T, an increase of $7.8T. However, the fed had an unprecedented cash balance of $1.6B at this time. If they were not holding this cash, the debt would have only increased by $6.2T. This, despite the pandemic crushing taxes and having to do direct cash assistance.
Now, we have Biden coming in at the tail end of the pandemic with the economy already under an almost full recovery and Biden growing the debt from $27.75B to $35.5B today (how much more it will increase, who knows?). That is an increase of $7.65T in under 4 years of this disaster Biden/Harris administration.
To put this into perspective, that is INCREASED DEFICIT spending amounting to $23,000 over for every man, woman, and child in the US. This is in addition to the $54,000 the US government spent for every man, woman, and child (non-deficit spending) over the last 4 years. So, in the last 4 year, what did you do with $77,000 that the government spent on your behalf? For a family of 4, this is equivalent of a starter home spent on your family in the last 4 years. Do you see that type of benefit?
