America is in deep debt, if Byd has to work hard to keep the economy afloat

- The announcement made by Bide to fight Corona will increase debt

Washington Wednesday, January 20, 2021

The reign of Joe Biden, who is sworn in as the 46th President of the United States today, will be full of many challenges. The biggest challenge is turning from head to toe. America is deeply in debt.

At the very least, Bide announced a provision of two trillion dollars to fight the Corona epidemic. This amount will also increase the debt on the head of America. In addition to fighting corona, Biden's administration will face many challenges, including vaccinating people against corona, cracking down on small businesses, and providing cash compensation to poor and low-income Americans. The US Federal Reserve will help with this biggest debt. The Reserve Bank of India is the Federal Bank of America.

In the last nine months, when Donald Trump was in power, the government spent up to 3.5 3.5 billion in the public interest to fight Corona. Despite more than one subsidy, the U.S. growth rate slowed during this period. Corona infection in America has not yet subsided. An average of four thousand new cases are coming in every day and the markets are in recession. So far, more than 3.5 million people have died from corona infections. Call it Donald Trump's incompetence or the severity of the virus, but the infection or death rate has not dropped as much as it should. So Biden faces more than one serious problem.

Economic experts believe that the economic package that Biden will give to the American people will be like a dose of bitter medicine but it is loose to accept. There are also millions of poor people in America who do not currently have money. The middle class is in tension and unemployment was putting me off. Experts believe that Biden's economic package will not solve the problem but will increase the debt on America's head.

The current US national debt is ટ્ર 27 trillion. The economic package that Biden will offer will increase this debt. Simply put, even if the United States were to sell its entire economy, it would still have છ 6 trillion in debt. Its GDP last year was .4 21.44 trillion.

If the debt of America is divided among the 320 million citizens of the country, the debt per capita would be 23 23,500 per citizen.

Some economists blame Donald Trump's irresponsible policies, while others blame Trump's predecessors, Barack Obama and other former governments.