More than 400 left-leaning economists and former policy advisers under Democratic administrations endorsed Vice President Kamala Harris for the presidency despite her poor track record and the potentially detrimental effects of her economic proposals on the U.S. economy.
The endorsement was announced in an open letter, and the signatories included former deputy treasury secretary under Bill Clinton, Roger Altman, and former commerce secretary under Barack Obama, Penny Pritzker. Their endorsement claimed Vice President Harris “has a proven record of economic leadership throughout her career … In her time as Vice President, she has worked on behalf of American families to lower costs, cut taxes, raise wages …” This statement is a stark contradiction to Harris’ actual record.
In just three years, the Biden-Harris administration added a staggering $6.3 trillion to the national debt, bringing the total public debt to nearly $35 trillion as of May. The Committee for a Responsible Federal Budget (CRFB) reported that the interest payment of our national debt has surpassed government spending on national defense, Medicare, and more than “all the money spent this year on veterans, education, and transportation combined.” This is not just a problem for us, but for our children and grandchildren who will inherit this debt.
The Biden-Harris administration’s excessive spending sparked the worst inflation in four decades. Since February 2021, prices have risen close to 20 percent, and even middle-class American families are struggling, especially with skyrocketing food prices and housing inflation. No wonder inflation and our economy’s health have consistently been voters’
