Biden’s blowing smoke
There are many lies Joe Biden emotes daily to distort our eyes away from the truth. His latest lie is that he has “reduced the federal deficit,” a claim that makes analysts and fact-checkers point out his distortions.
Biden delivered this smoke on Friday when the latest jobs report came out.
“Let me remind you again: I reduced the federal deficit,” Biden said Wednesday. “All the talk about the deficit from my Republican friends, I love it. I’ve reduced it to $350 billion in my first year in office. And we’re on track to reduce it, by the end of September, by another 1 trillion, 500 billion dollars — the largest drop ever.”
Regardless, Dan White, the Senior Director at Moody’s Analytics, slammed Biden for his lie.
“The actions of the administration and Congress have undoubtedly resulted in higher deficits, not smaller ones. It is encouraging that the administration has proposed some initiatives to bring down the deficit, but so far, none of those initiatives has been seriously considered,” White said.
Biden is gaslighting on the deficit. His actions have INCREASED deficit projections.
Even Biden’s favorite economics firm, Moody’s Analytics, says so. pic.twitter.com/f7BTF43w51
— Tommy Pigott (@TommyPigott) June 3, 2022
Biden’s figures for both the 2021 fiscal year (which ran through last September) and the ongoing 2022 fiscal year (which runs through the coming September) are accurate, though the $1.5 trillion figure for 2022 is a projection. But some experts on fiscal policy say Biden is distorting reality when he claims that he is personally responsible for the deficit going down.The deficit has been smaller under the Biden administration than it was at the end of President Donald Trump’s tenure. But the deficit has been bigger under the Biden administration than the nonpartisan federal Congressional Budget Office had projected it would be if the Biden-era federal government stuck with the laws that were in effect when Trump left office in early 2021(…)A $360 billion decline is certainly substantial. The Congressional Budget Office, however, had estimated at the beginning of Biden’s tenure that the fiscal 2021 deficit would be a decline of more than $870 billion if the Biden administration did not implement new policy.
I must disagree with Mr. Goldwein when he says that Biden hasn’t done anything. He has done plenty. Since he entered the Oval Office, he screwed up energy production, so we are no longer energy independent. He destroyed all of Trump’s border protection programs, so we have a record number of illegal aliens crossing the board. He’s screwed up the ways products and cut back wheat production. Food shortages are appearing throughout the country. His handling of the economy has created record inflation, Trump’s Abraham Accords were on a roll, and there were more countries soon to make peace with Israel. He ignored that because it was a Trump accomplishment. Biden’s most significant foreign policy accomplishment was his withdrawal from Afghanistan, leaving behind Americans and Afghanis who we promised to evacuate,
Those are only a few of Biden’s accomplishments.