When Biden thanked Communist China for helping fund the U.S. government

During President Barack Obama’s first term, there was a massive spike in the annual deficits run by the federal government. In fiscal 2008, before Obama was elected, the annual federal deficit was $458.55 billion, according to the White House Office of Management and Budget. In fiscal 2009, the year Obama was inaugurated, it spiked to $1.4 trillion. In December 2007, according to the National…