evidence: Infrastructure Investment & Jobs Act: $625 billion Inflation Reduction Act: $745 billion* *Only after Democrats failed to increase spending by an additional $5 trillion as part of their Build Back Better agendaBiden’s Executive Actions: $1+ trillion - Fact Sheet: $330 Billion Student Loan Cancellation for the Wealthy - Biden’s Executive Actions Have $1+ Trillion Price Tag - Report: Rising interest rates impact on the federal budget - As Democrats Ready More Inflationary Spending, CBO Confirms Biden’s Inflation Crisis Already Added $2.5 Trillion to the Cost of Servicing Nation’s Debt - In 2021, the deficit was $2.78 trillion – the second highest in American history - The annual deficits in Biden’s FY 2023 budget are $1.6 trillion – the highest sustained level of debt in American history - Under policies enacted by President Biden and Washington Democrats, the federal government is slated to spend $10 trillion more over the coming decade than was projected prior to the Biden Administration - Revenues are on pace to reach $5 trillion for the year, with income tax receipts up 32 percent, and corporate tax receipts up 12 percent so far this year - Revenues are up by 23 percent compared to the same point