Issues and Insight: The first line in President Joe Biden’s budget statement, released Monday, is “Budgets are statements of values, and the budget I am releasing today sends a clear message.”
Biden’s right that his $5.8 trillion budget sends a clear message. The message is that he will say and do anything, no matter how disconnected from reality it is. The rest of his statement is itself full of lies and half-truths.
For example, Biden brags that he’s cut the deficit in half in his first year, making it “the largest one-year reduction in the deficit in U.S. history.” That’s technically true but completely irrelevant.
Deficits ballooned as a result of the pandemic shutdown and the – bipartisan – rescue legislation enacted under President Donald Trump. Biden forgets that he added trillions more to the pile with his “rescue plan” and the bloated infrastructure bill.
Plus, it’s Biden’s own budget that calls for deficits to remain well above $1 trillion – and climbing – over the next decade.
By 2032, Biden’s “fiscally responsible” budget pegs the deficit at $1.8 trillion, or 4.8% of GDP – and still growing. (The post-World War II average is 2.6%.)
That year, debt held by the public will top 106% of GDP.
In Trump’s last budget proposal – issued in early 2020 – he projected a deficit of $261 billion in 2030 and debt held by the public at 66% of GDP – and falling. more
Jackass Joe’s Budget: Loot the Treasury, Bust America!
Itz just that simple!
Biden’s federal spending by 2030 will account for 23.9% of total GDP.
He still has more time to make it even worse.
It’s okay for him. He doesn’t realize what day it is, let alone that he’s trying to set the country on fire!
mo money, mo money, mo money they can’t print it fast enough
The new form of slavery, TAX SLAVES. Do anything you want but be sure that you and your children to be, pay us up front.
A planned and determined effort to destroy America.
And we sit with our thumbs up our asses awaiting Weimar II.
When Chris Rock got bitch-slapped for an obscure joke he just stood there smiling
– like we’re doing.
I thought that maybe he was a pussy, but he’s just another American.
mortem tyrannis
izlamo delenda est …
As I’ve said repeatedly; If the dems didn’t lie there would be nothing but silence.