Biden’s Real Deficit
6/9/22
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from Right & Free,
6/8/22:
The president now brags that he cut the deficit!
“We’re on track,” he says, to have “the biggest decline in a single year ever in American history.”
It’s actually true.
But utterly deceitful.
President Joe Biden’s deficit will be down from last year, but that’s only because he spent such gargantuan amounts then.
For once, the media did not take his remarks at face value. Even CNN ran a “fact check” that quoted a Moody’s Analytics director saying, “The actions of the administration and Congress have undoubtedly resulted in higher deficits, not smaller ones.”
Much higher. Despite record tax revenues from last year’s booming stock markets, our national debt will increase by about $1 trillion.
Sadly, most people don’t care.
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