SINCE PRESIDENT BIDEN AND KAMALA HARRIS TOOK OFFICE IN JANUARY 2021, AMERICANS HAVE FACED INCREASINGLY HIGHER PRICES FOR FOOD, GASOLINE, ENERGY AND COMMON HOUSEHOLD ITEMS,
AND WHILE PRICES HAVE BEEN GOING UP, WAGES HAVE BEEN GOING DOWN, PLACING ADDITIONAL STRESS ON FAMILY FINANCES.
2021
Signed the American Rescue Plan for $1.9 Trillion
MARCH
Biden & Harris sworn in
JANUARY
“Fox Business: Business Panel Slam Biden's 'Awful' Inflation Numbers”
MAY
“Reuters: U.S. Consumer Inflation Rises Fastest In Nearly 13 Years”
JUNE
SEPTEMBER
OCTOBER
Authorized infrastructure investment of $1.2 trillion total over a decade. The CBO estimated this would add $250 Billion to the deficit.
Economists said the $5 trillion in government stimulus spending in the United States during 2020 and 2021 was disproportionately large compared to that of other countries and was a significant contributor to domestic inflation.
NOVEMBER
"Rapid Inflation Fuels Debate Over What's to Blame: Pandemic or Policy."
DECEMBER
Signed bill raising the national debt limit by $2.5 trillion and extended it into 2023.
Bloomberg: U.S. Inflation Rises at Fastest Annual Pace Since 1981
APRIL
“ABC News: Inflation rising at fastest rate in 40 years”
FEBRUARY
2022
APRIL
MAY
JUNE
Inflation hits 9.1%.
CNBC: Inflation Rises 8.6% In May From A Year Ago, Higher Than Expectations
ABC NEWS: Inflation rises to 4-decade high
JULY
Signed Inflation Reduction Act
A Goldman Sachs report projects the myriad of green subsidies will cost $1.2 trillion—more than three times what the law’s supporters claimed
AUGUST
2023
Biden signed a bill extending the debt ceiling for two years through January 1, 2025
JUNE
NJ Spotlight News: Business Report: Inflation Rises Again
FEBRUARY
Biden unveils FY24 budget
MARCH
JULY
AUGUST
OCTOBER
2024
MARCH
Biden-Harris Administration unveils massive $7.3 trillion budget
MARCH
Biden's budget plan would raise US taxes by $4.951 trillion.
APRIL
The Associated Press: US Weekly Jobless Claims Hit Highest Level Since August Of 2023, Though Job Market Is Still Hot
MAY
Biden-Harris introduce several new student loan debt relief provisions
President Biden’s “New Plans” to provide relief to student borrowers estimated to cost $84 billion, in addition to the $475 billion that we previously estimated for President Biden’s SAVE plan.
APRIL
Today the U.S. national debt is over $35 trillion, representing $104,303 for every American citizen
The debt grows by about $4.5 million every minute. The interest alone costs $2.4 billion a day.
AUGUST
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