Biden ran up insane bills before he left the White House — here’s how Trump plans to pay them down
By Charles Gasparino
Published March 14, 2025, 7:00 a.m. ET
Team Trump is battling not only the Democrats and the stock market, but a huge and unproductive spending spree that Joe Biden unleashed in the final months of his presidency, On The Money has learned.
It was an attempt to goose the economy and the markets — so people could forget Kamala Harris was an empty suit on policy and get her elected last fall.
The good news: It didn’t work for Harris.
The bad news: The bill is coming due.
During the campaign, whispers of Sleepy Joe’s Harris-related spending spree leaked out of the Trump campaign from time to time. But now that the Trumpers are in the White House, they’re starting to tally it up.
The numbers are anywhere between $250 billion and $300 billion, depending on how you measure and classify the largesse. Robbert van Batenburg, of the influential Bear Traps market report, says his analysis backs up those estimates. Wall Street executives who delved into the matter say the Bidenistas were able to paper over the spending though the chicanery of rolling over short-term debt instead of issuing longer-dated bonds that would have caused a spike in interest rates, a stock market selloff and probably a recession.
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https://nypost.com/2025/03/14/business/biden-ran-up-insane-bills-before-he-left-the-white-house-heres-how-trump-plans-to-pay-them-down/
