Commentary
The most perplexing thing about President Joe Biden’s stance on the debt ceiling issue is that the staggering national debt does not seem to bother him.
In remarks Biden made the other day, he noted that the national debt has “accumulated over 200 years.” And he also noted the debt increased under President Donald Trump.
But the president’s selective memory chooses to overlook that when the Obama-Biden administration took office in 2009, national debt stood at 60 percent of GDP. When they left eight years later, it was at 100 percent of GDP.
We also must note that from 1965 to 2008, the annual average growth of the U.S. economy was 3.1 percent per year. From 2009, when the Obama-Biden administration started piling on the debt, to today, average GDP growth has been 2.1 percent year….