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Biden-Yellen Bailout Will Favor Donors To Joe And Democratic Party

Ninety-eight percent of all political contributions from people who worked at Internet companies went to Democrats in 2020, according to data from the Center for Responsive Politics.

  • Under Biden’s budget plan for fiscal 2024, the gross national debt would surge to nearly $51 trillion as of the year 2033 — up from its current level of roughly $31.5 trillion.
  • The federal debt as a share of US gross domestic product (GDP) would swell to a record 110% by 2033, up from 98% this year – shattering a dubious record that has stood since the end of World War II.
  • The portion of debt held by the American public would jump $19 trillion, to $43.6 trillion, over the 10 years.
  • A ballooning federal debt means more taxpayer dollars will go toward footing the bill for interest payments on past spending rather than funding necessary projects in the future.
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