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By Terence P. Jeffrey, CNS News, August 17, 2022

Terence P. Jeffrey is the editor-in-chief of CNSNews.com.

In the first 18 full months that Joe Biden has been president — February 2021 through July 2022 — the federal government has spent $9,728,646,000,000, according to data published in the Monthly Treasury Statement.

Even when the historical spending numbers are adjusted for inflation into July 2022 dollars (using the Bureau of Labor Statistics’ inflation calculator), no recent president comes close to having spent that kind of money in their first year and a half in office. …

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