U.S. Debt to GDP Ratio Worse Than Greece’s Before 2008 Crash

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Pres­i­dent Biden on Wednes­day pitched a new plan to Amer­i­cans before a joint ses­sion of Con­gress: more spending.
The just-released $1.8 tril­lion plan, pre­sent­ed just weeks after Biden signed a $1.9 tril­lion in COVID relief spend­ing into law, includes “free” com­mu­ni­ty col­lege as well as uni­ver­sal preschool for all three and four-year-olds.
“Mr. Biden could ush­er in a new era that fun­da­men­tal­ly expands the size and role of the fed­er­al gov­ern­ment,” The New York Times reported.
How Much Debt Is Bearable?
The announce­ment comes months after the Con­gres­sion­al Bud­get Office released a report pro­ject­ing a $2.3 tril­lion deficit in 2021.
Biden’s plan will …

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