The previous 10-year period, 2013 through 2022, saw the national debt rise by an unprecedented $14 trillion, an amount that was turbo-boosted by the over-the-top COVID spending blowout. Yet, instead of a return to the bad-enough normalcy of an annual debt increase measured in the hundreds of billions rather than trillions, Biden wants to set a new record for debt accumulated in a decade, with an average annual deficit of $1.7 trillion being his “new normal.”
