Spending

Federal government spending during fiscal year 2021(October 1, 2020 to Sept 30 2021) was $6.82 trillion. It was $6.27 trillion in fiscal 2022 (Oct 1, 2021 to Sept 30 2022) This $13 was spent while Trump was in the White House for 4 of the 24 months. In addition Biden wanted to pass the Build Back Better bill but that was stopped by Joe Manchin. That bill was said to cost $2 trillion but that was with budget tricks to only pay for the first few years and then renew. The true cost would have been $5 trillion. Now Biden wants to pass the student loan bill and as of now no one knows how much of the $1.7 trillion debt will be canceled. Most economist suggest that the current inflation is caused by government spending.