It is always interesting for us who learned basic economics in high school to watch those who apparently did not learn it or choose to ignore it. Liberal politicians seem to have no concern about balancing the budget. They seem intent on their tax and spend policies. While President Obama raised taxes, it did not cover his increased spending. In addition, he imposed heavy restrictions on businesses which depressed the economy lowering the return from taxes in spite of the increased tax rate. He created a national debt equal to the entire national debt up until he became president, in only eight years. President Trump lowered taxes and reduced restrictions on business allowing businesses to boom, increasing the amount received in taxes in spite of the reduced tax rates. He also reduced spending to help ease the pressure on the economy, but was unable to reduce the debt much due to the interest generated by the massive increase in debt under President Obama. Now President Biden seems intent on returning to President Obama’s tax and spend policies. In only six months, President Biden has increased the national debt equal to that generated by President Obama in eight years. He is now pushing for a new infrastructure bill that will further increase the national debt and bankrupt the country. Such spending is hard to justify during good times when the economy is booming but cannot be justified in an economy depressed by Covid-19.