What were they during Trump years?
“What were they during Trump years?”
Much lower, even before we faded into recession in 2016.
We have lacked fiscal discipline for decades, and that goes back through several administrations, not just the current.
Biden, for all his ineptitude, has also suffered from accumulated deficits predating his presidency. Sometimes we’ve seen substantial lags before the dam bursts. The Guns and Butter spending in the LBJ years (massive social spending PLUS the Vietnam War) didn’t really impact inflation till the mid-70s.