President Joe Biden brags, 'My economy is working.'
from the New York Federal Reserve, total household debt increased by $1.3 trillion in 2022, up nearly $400 billion in the fourth quarter, the largest increase in 20 years. Household debt is now a staggering $2.4 trillion higher than it was when Biden took office. Struggling to stay afloat, savings fell from $2.2 trillion in 2021 to $600 billion in 2022.
The Biden economy is not working for working people, which is why polls show that the public is so pessimistic about the economy and the future. But the president just keeps promising more of the same, calling for higher taxes and more spending.Bruce Thompson was a U.S. Senate aide, assistant secretary of Treasury for legislative affairs, and the director of government relations for Merrill Lynch for 22 years.
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