Will Honest How Biden go down in history as a decent man who could not add.  The fiscal debts and deficits of his economic plans add up to 10% of GDP coming on top of the 26% of GDP already spent on Covid relief.   The increased taxation plans to finance this spending will cover only a small % of it. The US is a savings deficit economy . This deficit is set to expand enormously.  Put another way this means foreign savers must finance the US's lack of savings.    This will only happen on the other side of higher long term US interest rates and a much cheaper US dollar.