In fairness, sole credit to Biden is misplaced. The seeds of this bout of inflation were sown early when Congress began passing the first trillion dollar “Cares” act. Then the second. Then the Fed started their latest round of “quantitative easing” keeping rates artificially low and pouring trillions into the money supply. Biden only added to it, but it was well underway.
After Bush's eight years, about 10 trillion.
After Obama's eight years. another 10 or about 20 trillion in debt.
After Trump's four years, another 5-6 trillion for about 26 trillion in debt.
After one year of Biden, more than 29 trillion in debt.
Only weeks ago, the government raised the official debt limit by another 2.5 trillion,
See a pattern here?
Looks like a Ponzi scheme to me. Bernie Madoff and Ken Lay never showed such audacity.