Biden’s Budget Proves What An Epic Disaster He’s Been
I & I Editorial Board
March 12, 2024
President Joe Biden brags that the budget he released on Monday would cut the deficit by $3 trillion, even while offering truckloads of new goodies to Americans.
That will get headlines.
What won’t make the news is the fact that his Fiscal 2025 budget provides clear and incontrovertible evidence that he has caused a fiscal and economic disaster of epic proportions.
How do we know this? Because buried in the back of the annual budget document is a table called “Baseline by Category.” This is a forecast of spending, revenues, and deficits that would result if the government is left on autopilot.
So, we dug out Biden’s first budget — released in early 2021 — to see what the administration said would happen if Biden did nothing. In other words, what would spending, revenues and deficits look like if all of President Donald Trump’s policies remained in effect. Let’s call this the Trump baseline.
Then we compared that with the latest “Baseline” projection in Biden’s new budget — which assumes that all of Biden’s current policies remain in effect for the foreseeable future. We will call this the Biden baseline.
What did we find?
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https://issuesinsights.com/2024/03/12/bidens-budget-proves-what-an-epic-disaster-hes-been/
