Federal Debt Reaches 100% of GDP Under Biden-Harris Administration

The Biden-Harris administration's spending policies have led to unprecedented debt levels, with budget deficits projected to surge further.

Federal debt has reached 100% of GDP for the first time since World War II, driven by significant spending under the Biden-Harris administration.
Budget deficits are set to exceed $2 trillion this year and could surge to $4 trillion within a decade if current policies continue.
The American Rescue Plan and other spending initiatives have added over $5 trillion in new 10-year costs, contributing to inflation and economic strain.
Despite claims of deficit reduction, the administration's spending has resulted in the largest federal spending level (24% of GDP) and budget deficit (7.5% of GDP) outside of wartime.
Future administrations will inherit substantial fiscal challenges, including soaring interest costs and looming insolvency of Social Security and Medicare trust funds.