The Biden-Harris administration's wild new Keynesian policies have resulted in persistent inflation and record-high debt levels, with the dual purpose of boosting GDP and employment through public spending and government jobs.

The rampant inflation in the United States is entirely the result of uncontrolled spending and money printing. Neither businesses, wars, nor supply chains can cause overall price increases or consolidate these increases at a slower pace. While this may affect individual prices, the only factor leading to year-over-year increases in overall prices is the decline in the value of the US dollars issued by the government.

The cumulative inflation rate over the past four years has exceeded .%, despite record tax revenues and economic growth, the government's deficit spending still reaches nearly $ trillion annually, public debt has soared to nearly $ trillion, and the monthly employment data includes an astonishing , new government jobs each month.

Year, nearly % of all job growth was in government jobs, and the entire labor force growth over the past four years has come from foreign workers. The latest employment data is very bad, blaming it on hurricanes and strikes seems dishonest, as if economists and forecasters did not consider these two factors in their estimates.

Additionally, the only factor continuing to increase uncontrollably is the number of government employment positions, with , new positions added, yet totaling only , positions. No wonder the labor force participation rate and the employment-to-population ratio remain below the levels of .

Additionally, in the latest data, government spending accounted for % of annualized growth, while investment remained largely stagnant. Over the past nine quarters, government spending has been one of the main drivers of growth, with its contribution to the third quarter of the year being the largest of the year. This is inverted economics. Weak private sector investment, increased taxation on productive economies, and government spending and debt driving economic development. Of course, this will never end well.

The Harris-Biden administration took office in [year] [month] when the economy was experiencing a strong rebound. Instead of allowing the private sector to flourish, the administration pursued a strategy of uncontrolled spending and tax increases with two objectives: to significantly expand the size of government in the economy to such an extent that the next administration would be unable to reduce it sufficiently within four years. The second goal was to grossly inflate growth and employment figures, so that if the next administration slowed public sector growth, it would trigger a recession.

You might ask yourself, if Harris intends to win the election, why would they do this. If Kamala Harris wins, she will continue to expand the size of the government, inflate prices through spending and money printing, and blame these actions on companies and stores. If the Biden-Harris administration wins, they will leave a massive ticking bomb for the Office of Government Efficiency under Trump and Elon Musk. If they cut discretionary spending and eliminate redundant work, it is nearly impossible to avoid a recession.

By the way, this is the same strategy adopted by socialists in Greece, Spain, and France. However, socialist strategies may backfire. Evidence shows that citizens do not value Biden's policies and economic conditions. According to [source], support for the economy is extremely low, at [percentage]%. American citizens do not believe their lives are better than they were in [month] [year]. Inflation, immigration, and rising taxes have put small businesses and families in a difficult situation.

Additionally, robust pro-growth strategies and tax cuts could potentially boost investment figures, create jobs in the private sector, and help small businesses reach critical mass and grow. In Argentina, Milei recognized the necessary actions and warned citizens that a bloated state is inevitably shrinking. The ticking bomb legacy left by the Kirchner socialists is more significant than the legacy Trump might inherit. The reaction has been very positive. Lower inflation has led to reduced taxes, an eight-month budget surplus, and a rapid improvement in public finances.

The greatest risks to the U.S. economy and the dollar as the world's reserve currency are uncontrolled public spending, continuous money printing, and increased taxation. Fixing public finances and reducing government employment may have temporary negative effects, but increased exports, investment, and private sector employment could offset these effects, resulting in benefits for both the dollar and U.S. citizens. The stronger the government functions, the poorer the citizens become. The potential of the private sector in the U.S. economy far outweighs the short-term negative impacts of efficiency and budget control.