Videos by OutKick
Reckless government spending by the Biden administration has been promoted as cost-free legislation for the American tax payer, but it appears that the hidden charges embedded in their hefty infrastructure bills is already hitting their pocketbooks.
According to the New York Post, the average tax payer has been paying an additional $175 per month fee as a result of inflation caused by the trillions more in government spending post pandemic. Biden has set his sights on pushing an overheating economy that was already decimated by the shutdown of 2020 and pushing the national debt near the $30 trillion figure, a $10 trillion increase from the $20.8 trillion mark on August 2020.
Between 1.5 and 5 trillion in funding for new environmental projects, free college and other bullet points on the Democrat to-do list, Americans above and below the supposed $400,000 wage threshold have not been exempt from the government’s unnecessary spending spree.
Democrats claim that sticker shock and losses in wages from expected inflation to be temporary, but the projected rise in consumer prices has been forecasted to “trend around a 2.6 percent rise in 2022” and still float around 2.3 percent by 2024, per economists‘ evaluations.
In a time of unwarranted spending, Biden has pushed Congress to raise the debt ceiling and warned the GOP constituency to “get out of the way” as the Oval Office goes full-speed ahead on deficit spending and once again fails to heed any warnings about the long-term effects of such spending, which will burden the U.S. economy and erase advanced wages made under the Trump administration.
Per The Daily Wire, “[I]n 2016, real median household income was $62,898, just $257 above its level in 1999. Over the next three years it grew almost $6,000, to $68,703.”
Follow along on Twitter: @AlejandroAveela