Economist Stephen Moore said we are already in a recipe of financial disaster. He said he is very worried about the trillions of dollars we are spending and it may lead to a crisis down the road.
Many people warn about the debt. About money being borrowed and spent while kicking the can down the road. Mike Ferguson said it is hard for people to internalize what it actually means for every individual.
"There is no such thing as free money in Washington," Moore said. Washington doesn't make money, they take it.
President Biden eyes government expansion with spending plans. He is also reported to have a tax-hike proposal.
The spending was never going to end when he got into office.