America


Millions wasted on critical race theory and DEI. Climate obsession drives costly green agenda. Top agencies governed by radical gender theory. Debt repayments outpace defense budget.


Biden’s Reckless Spending Feeds ‘Woke’ Bureaucracy


National debt rises by $500 billion every 100 days, warns Trump’s former OMB Director Russ Vought.


T


he country’s fiscal picture is dire. America’s total national debt now stands at $34


trillion, and with every passing year, trillions more are added without even a pretense of slowing the


growth. The share of the debt for every American citizen is over


$105,000 per person — with debt continuing to increase at a pace of roughly $500 billion every 100 days. While it took decades of repeated bad decisions in Wash-


ington to arrive at this fiscal catastrophe, the Biden admin- istration has accelerated this trajectory, gearing much of the spending toward destructive “woke” and weaponized govern- ment.


According to the Congressional Budget Office, in the cur-


rent fiscal year (FY 2024) interest payments on the national debt are projected to be $889 billion, more than the $886 bil- lion currently spent on national defense. This is a 35% increase in annual interest payments on the


debt in just one year. To put that into perspective, less than 10 years ago, in FY 2016, total defense spending was $584 billion and total non-


10 NEWSMAX | JUNE 2024


defense discretionary spending was $600 billion. In 2024, America is spending 52% more on interest pay-


ments than we spent on national defense just eight years ago. Taxpayers are effectively paying for an entirely separate Pentagon’s worth of spending merely to keep up with interest on the public debt. A new forever war in Ukraine, a global pandemic, and


inflation near 40-year highs (further exacerbated by Biden’s fiscal profligacy) are significant contributing factors to these spending hikes. The Biden administration has locked in post-COVID-19


spending levels with the new baseline set at $1.6 trillion. Congress also bears significant responsibility for this devel- opment.


Speaker Mike Johnson, R-La., negotiated higher spend-


ing levels than those agreed upon by former Speaker Kevin McCarthy before his ouster — cutting brazen big government


In 2024, America is spending 52% more on interest payments than we spent on national defense just eight years ago.


SAMUEL CORUM/GETTY IMAGES


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