President Joe Biden took to X (formerly Twitter), warning of the potential repercussions of a return to trumppolicies of the time and their impact on the national debt and Social Security.
What happened: In his tweet, Biden expressed concern about the direction the country might take if Trump and his supporters were to regain power. She highlighted the potential for increased national debt, threats to Social Security and Medicare, and the possibility of a nationwide ban on women’s right to choose.
These comments come in a political climate where Biden and Trump are considered favorites for the 2024 presidential election.
See also: Governor Greg Abbott says ‘the US economy is doing so well because the Texas economy is doing so well’
Because matter: Biden’s concerns echo sentiments expressed in his previous criticisms of Trump’s policies. He has spoken openly about the impact of Trump’s “$2 trillion tax cut” for the wealthy, which he says has added more to the national debt than any other president.
The national debt has indeed increased significantly, rising by nearly $8.5 billion per day over the past year under Biden. Although Biden says the economy is “strong,” half of voters believe their financial situation is worsening, even as markets and employment have reached record highs.
The potential impact of Trump’s deregulation versus Biden’s healthcare expansion also remains a topic of debate among investors.
Read next: Biden vs. The Trump race shows a close race, but a new poll identifies two issues that could break the deadlock
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