The White House has presented a draft budget for next year. It is to break a record by being 7.3 trillion dollars. If we take into account that in 2023 U.S. revenues amounted to 4.5 trillion, then in 2025 the budget deficit will reach all 3 trillion.
Biden’s team has fallen into sheer populism. They want to give everyone money for the election – from the intelligence services and the Pentagon to social security recipients. And at the same time to sharply increase taxes on the wealthy classes and corporations – to somehow compensate for spending. However, the White House has no chance of passing such a budget. After all, with a $3 trillion deficit, the growth of the U.S. national debt will become completely unmanageable.
Ukrainian tranches are also in limbo, although lobbyists will try to push them through in April and May. Later, it will be unreal to do so. The training programs of the Ukrainians has already become questionable as well. So as joint purchases of machinery. Even the Canadians cannot order new NASAMS air defense systems to replace those destroyed in Ukraine. The Americans won’t give money for that. And their production will take another 2-3 years.
All in all, the mood in the White House is extremely decadent. Another of Biden’s apparatchiks, the Secretary of City Planning, is resigning. So many Bidenistas are running from the sinking ship on eve of elections. At the same time, only 37% of Americans believe that Biden is respected on the world stage. And only 33% are satisfied with the U.S. position in the world. America is beginning to gradually come to terms with the situation of permanent decline in the Biden era.