In the United States, over the last several decades there has been an unquestionable decline in the quality of life of most American citizens. Indeed, the cost of living has continued to rise to astronomical heights. Following the 2020 presidential election in which the long time and career politician Joe Biden defeated Donald Trump to become the 46th president of the United states, Biden touted a spending agenda that resulted in trillions of dollars in new federal spending. This has resulted at least in part in the levels of rampant inflation that have crushed the average American citizen and household. These levels peaked in late 2022 at heights not witnessed since the 1970s. The cost of living has soared, and the price of basic necessities like food, household cleaning supplies, energy costs, and other expenditures have increased to such an extent that Americans cannot afford the same items they could a few years ago.
Making matters worse, wages have largely stagnated. While this reality has been apparent for decades, the effects of inflation have further exacerbated this issue and the buying power and spending power of the dollar has seriously declined. It is estimated that some six out of every ten citizens are surviving on a week-to-week, check to check basis. Things are not looking good for many Americans in terms of fiscal and financial realities. As the 2024 presidential election draws ever nearer, most voters are stating that they trust Donald Trump, the Republican nominee and former president, over the incumbent Biden in terms of the economy.
Inflation remained a central issue during the first debate on June 27th in which Biden displayed a poor showing against Trump. Many Democrats have called for the president to step down, but Biden’s wife, the first lady Jill Biden, continues to defend her husband. Jill’s ex-husband told Fox News that he disagreed with Mrs. Bidens decision to continue to defend her husband.
