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Originally Posted by Giantone
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G1, can you address this fiscal policy failure where Biden during record inflation is doing the opposite of what he should (limit spending) and adding trillions to deficit?
Voted on a approved by the democrat run congress which has lead us into recession:
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Originally Posted by Chico23231
https://nypost.com/2022/10/21/unmiti...-lowered-debt/
Unmitigated gall of Joe Biden claiming that he ‘lowered’ debt
Great, succinct article on Biden and democrats spending while gaslighting folks on deficit reduction. It’s a lie of course
Yes, the deficit fell in 2022, because the temporary pandemic spending expired on schedule. That is not a presidential accomplishment. No one planned on trillions of dollars in Paycheck Protection Program loans, record unemployment benefits or COVID mitigation measures being necessary after the economy reopened.
By Biden’s standard, President Harry Truman is the greatest budget-cutter in American history simply because he was in office when World War II (and its military costs) ended.
Taking credit for 2022’s “largest one-year drop” in the deficit is especially galling when Biden himself drastically expanded the 2021 deficit with the $1.9 trillion American Rescue Plan, which is worsening inflation. He personally drove up the 2021 budget deficit and then bragged about his fiscal responsibility when that spending expired on schedule.
How should a president respond to running a $1.4 trillion budget deficit — 40% higher than before the pandemic — and adding trillions more to 10-year deficits?
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