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Biden's Deficit Spending in Just 4 Years Accounts for Astounding Percentage of Overall Fed Debt

By Randy DeSoto January 8, 2025 at 5:46pm

President Joe Biden will leave office having added more to the national debt in total dollars than any other president in U.S. history, despite having only served one term.

“Not only has the Biden admin racked up $8.4 trillion in debt, but they’ve also run down Treasury’s cash balance by $1.0 trillion – that’s a net overspending of $9.4 trillion, or more than 1/4 of the entire federal debt,” Heritage Foundation economist E.J. Antoni posted Monday on social media platform X.

Not only has the Biden admin racked up $8.4 trillion in debt, but they’ve also run down Treasury’s cash balance by $1.0 trillion – that’s a net overspending of $9.4 trillion, or more than 1/4 of the entire federal debt: pic.twitter.com/Aieal4BcxN

— E.J. Antoni, Ph.D. (@RealEJAntoni) January 6, 2025

Just since fiscal year 2025 began on Oct. 1, the U.S. has spent more than $624 billion than it has taken in.

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Tags:

Donald Trump, Government spending, Joe Biden, National debt

Randy DeSoto

Contributing Journalist

SummaryMore Biographical InformationRecent PostsContact

Randy DeSoto has written more than 3,000 articles for The Western Journal since he began with the company in 2015. He is a graduate of West Point and Regent University School of Law. He is the author of the book "We Hold These Truths" and screenwriter of the political documentary "I Want Your Money."

@RandyDeSoto

Randy DeSoto wrote and was the assistant producer of the documentary film "I Want Your Money" about the perils of Big Government, comparing the presidencies of Ronald Reagan and Barack Obama. Randy is the author of the book "We Hold These Truths," which addresses how leaders have appealed to beliefs found in the Declaration of Independence at defining moments in our nation's history. He has been published in several political sites and newspapers.

Randy graduated from the United States Military Academy at West Point with a BS in political science and Regent University School of Law with a juris doctorate.

Birthplace

Harrisburg, Pennsylvania

Nationality

American

Honors/Awards

Graduated dean's list from West Point

Education

United States Military Academy at West Point, Regent University School of Law

Books Written

We Hold These Truths

Professional Memberships

Virginia and Pennsylvania state bars