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The Shocking State of the Federal Debt – Intercessors for America

Our government spending keeps getting more and more reckless and less and less biblical. Post your prayers in the comments.

From The Center Square. Federal debt soared by $1.4 trillion in 2022 as President Joe Biden and Congress approved multiple new spending packages.

Have you taken your place on the wall?

The Congressional Budget Office released the final details of federal spending in 2022 showing the federal government had a $1.4 trillion deficit last year, borrowing roughly $82 billion in December alone. …

[Last] year’s borrowing totals more than $10,000 per household and $4 billion per day.

The federal debt surpassed $31 trillion in the fall.

The higher debt was fueled in part by a rash of several trillion dollars in additional spending bills since Biden took office. Initially, that spending received broad support as a response to the pandemic, but later bills received more opposition from Republicans.

Biden has touted a reduction in the deficit last year from $2.8 trillion to $1.4 trillion. While that is true, the $1.4 trillion figure is still much higher than when he took office. In 2019, the budget deficit was less than one trillion dollars. …

Without changes, the debt and deficit future looks bleak. The Congressional Budget Office released its economic outlook for the next decade last summer and projected record high debt levels compared to the nation’s Gross Domestic Product. …

How are you praying over the federal debt? Share your prayers and scriptures below.

(Excerpt from The Center Square. Photo Credit: Aidan Bartos on Unsplash)

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