Soaring Taxes, Surging Debt: If Biden Wins a Second Term, Economic Consequences Could Prove Disastrous

A blue wave in November could mean Democrats run the table and have the House and the Senate under their control.

AP/Alex Brandon
President Biden on April 16, 2024, at Scranton, Pennsylvania. AP/Alex Brandon

Could a second Biden term be more injurious to the economy than his first term? It seems unimaginable given the first three years gave us 20 percent inflation, a $2,000 loss in average real incomes for the middle class, 6 million added illegal immigrants, a war on American energy that has caused gas prices to rise by more than 40 percent to $3.64 a gallon, the collapse of our many major cities, another $6 trillion added to the national debt, the unaffordability of new homes, and the chaos on college campuses.

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