The president of America Mr. Joe Biden can be the reason for a probable economic disaster in the USA. Although every media channel is praising him in his every step, it is to be noted that his maximum number of decisions are towards the wrong direction of the economic and social growth of the country.
Recently he has signed into law legislation for increasing the debt limit of the federal government by more than 2.5 trillion dollars. Just a few days ago, The Bipartisan Policy Centre, of Washington D.C. estimated that the federal government could be unable to pay its bills as soon as December 21, if (Congress) fails to increase the debt limit.
If we compare the former president with the current Biden government, then it will be very much clear to everyone that the current government has failed in many ways to protect the country’s economy within a safe boundary.
Not only it will affect the USA’s economy but also it has a big potential to affect the global economy very badly. During this COVID period already the whole world is suffering a high crisis situation and in this critical situation, failure to pay the country’s bills on time could send immediate ripple effects throughout the global economy.
