Biden’s claims about the budget and deficit in his disastrous State of the Union address are sure to anger any hard-working American, and rightly so. Because they are not true.
“By the way, we reduced the deficit in the first few years,” Biden told the nation. “I have achieved real results in a fiscally responsible manner.”
“We have already reduced the federal deficit,” he continued, trailing off, “by more than $1 trillion. I signed a bipartisan agreement to reduce the federal deficit by an additional $1 trillion over the next 10 years.”
Stu Bruguiere quickly saw through the lies.
“Did you pick up the bill, um, he claims he cut $1 trillion? “I will,” he said.
CBO projects the federal budget deficit in 2020 to be $3.3 trillion, more than triple the shortfall recorded in 2019.
“As you may remember, there was a mini-interruption called COVID-19,” Bruguière said, adding that no one could work, so the government maintained economic activity for what was supposed to be a short period of time. He explained that he has spent trillions of dollars on this. time.
“So the fact that he’s advocating for budget savings here is tough,” he added.
Meanwhile, President Donald Trump had deficits of $800 billion and $1 trillion in 2018 and 2019.
In 2022 and 2023, Biden will have $1.4 trillion and $1.7 trillion.
“How do we turn $900 billion into $1.55 trillion?” Bruguiere asks.
“We wish we could measure ourselves against peak coronavirus spending, but we all know that’s completely insane.”
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