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Yeah, the federal deficit fell because several large Covid spending programs ended. Biden trying to take credit for this is like a guy who takes credit for improving his family finances by giving up hookers and heroin.
Last edited by treasurekidd; 10-22-2022 at 01:24 PM..
Read an article this morning. So much for reducing the deficit. It went up 563% in September compared to last September. Money for the $10,000 to $20,000 college loan forgiveness program.
Somehow, I kinda think they've taken liberties with the the word 'deficit'... again. And it's not just Democrats doing it. That unbelievable number is probably a reduction of projected deficit spending. Which doesn't mean a single damn thing.
When a politician is talking about fiscal responsibility, they're lying.
The U.S. national debt grew to a record $31.12 trillion in October 2022. The U.S. national debt is so high that it's greater than the annual economic output of the United States as measured by GDP.
Claim victory by hiding the real issue - they are really saying that not projecting as high a deficit as they did last year - deficit is "only" increasing $1.4T rather than the $2.8T deficit we had last year. He is the one that spent that money last year - so claiming he is not as bad now?
Essentially saying we are overspending by a lot but not as much as we did last year. Who would claim that was a good thing? That overspending for the last relief package is one he approved last year that caused much of the inflation we are seeing now and is the majority of that extra last year.
LOLOLOLOLOL at the government and any other thick brained libbie thinking the debt went down.. Just because you reduced the slope or the rate of acceleration of new debt does not mean you reduced the debt.
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