How long can this last? It’s a serious question deserving of a serious answer. What the data shows us is that the federal government has become a giant insurance company that just happens to do some “government things.” With the continuing explosion of government spending and debt, President Biden is doubling down. Republicans aren’t offering a complete picture as to what they will do either.
Still, if the government doesn’t self-correct, it’s likely to hurt those the most it placed in a state of dependency on it.