Biden boasts about cutting federal budget deficit — as it soars

[mystery-ak]

 Biden boasts about cutting federal budget deficit — as it soars
By Steven Nelson   
September 4, 2023 1:57pm

President Biden boasted during a Labor Day speech in Philadelphia on Monday that he cut the federal budget deficit — despite the fact that it’s soaring this year.

“Unlike the last president, in my first two years — all this stuff, guess what? — I cut the deficit $1.7 trillion, cut the debt $1.7 trillion,” the 80-year-old president said, conflating the basic budget terms after he touted new infrastructure spending.

The claim, which Biden has made in the past, routinely attracts unflattering fact checks because government spending remains at near-record highs — while much of the previous reduction came from the expiration of COVID-19 emergency spending, rather than the president’s own actions.

In reality, the nonpartisan Committee for a Responsible Federal Budget projects that the federal deficit for fiscal 2023, which ends Sept. 30, will hit $2 trillion — up from $1.38 trillion last year.

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https://nypost.com/2023/09/04/biden-boasts-about-cutting-deficit-as-it-soars/

[Smokin Joe]

But you don't understand.

If they want three trillion, but only get two, that's a 33% cut. 

It's all deficit, and more than last time, but it's a cut.

[Free Vulcan]

Oh yeah! Watch my boy work it!

[LMAO]

The only thing this guy has to run on is “MAGA Republicans.”

Every economic boast he makes falls flat

[Fishrrman]

Nobody's gonna cut the budget deficit.
At least not by very much.
Nobody.

I crack a crooked smile each time I read here a poster's admonition that we need to cut spending.

Spending isn't going to be cut.
Until the time comes when it MUST be cut.
And when that time comes, you ain't gonna like WHAT they "cut".

[LMAO]

Nobody's gonna cut the budget deficit.
At least not by very much.
Nobody.

I crack a crooked smile each time I read here a poster's admonition that we need to cut spending.

Spending isn't going to be cut.
Until the time comes when it MUST be cut.
And when that time comes, you ain't gonna like WHAT they "cut".

The time that it must be cut is now.

The alternative is more inflation and weaker growth. You can’t defeat math

But you’re right. There is going to be battles over every penny