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2 Charts: Comparing Biden’s Federal Budget to Your Household Budget

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2 Charts: Comparing Biden’s Federal Budget to Your Household Budget
President Biden's new budget would lead to unsustainable debt and dampen the economy while also failing to address one of the biggest budget issues we face: Social Security insolvency. Pictured: Biden gives a thumbs up as he walks with first lady Jill Biden to Marine One on the South Lawn of the White House on July 14, 2023. Drew Angerer/Getty Images
Rachel Greszler
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Commentary
President Joe Biden’s latest budget proposes the federal government spend trillions more than it will take in, increasing the already unsustainable federal debt by $17 trillion over the next 10 years.
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Rachel Greszler
Rachel Greszler
Author
Rachel Greszler is research fellow in economics, budget, and entitlements in the Grover M. Hermann Center for the Federal Budget, of the Institute for Economic Freedom, at The Heritage Foundation.