President Biden has given his 2023 State of the Union Address. In it, he failed to even mention the nation’s biggest fiscal problem—the skyrocketing cost of the national debt occurring on his watch.
Global economy analyst Mike Shedlock illustrates that problem:
The chart shows the cost of servicing the U.S. national debt rose during President Trump’s time in office but has absolutely exploded during President Biden’s short two years in office. This explosion has been caused by rising interest rates, which were caused by the inflation unleashed by President Biden’s fiscal policies. Policies that have proven to be costly mistakes.
What could have been done differently?