On 6/3/2022, during his televised press conference on the state of the U.S. economy, Biden claimed he reduced the federal deficit. “My friends on the Republican side like to paint me as the “big spender.” But let’s look at the facts. Facts matter.
Under my predecessor, the deficit exploded, rising every single year he was in office. Under my plan, we’re on track to cut the federal deficit this year by $1.7 trillion. You hear me now? This year by $1.7 trillion. That’s a fact. The largest decline in American history. And by the way, those aren’t White House projections. They come from the nonpartisan Congressional Budget Office that you in the press and everybody around the country legitimately quotes all the time. That progress on tackling the deficit was not pre-ordained. It was my economic strategy built into our historic recovery. That we didn’t anticipate a war in Ukraine at the time. Historic economic growth that not only helped tens of millions of families move up, it has helped our federal deficit come down. And now, because of that strategy, we’re on track for a deficit to take up a lower share of our economy … In fact, the Treasury Department is planning to pay down — pay down — the national debt this quarter, which never happened under my predecessor. Not once. Not once. Because, unlike my predecessor, the deficit has come down both years I’ve been here.”
Treasury Secretary Janet Yellen this week admitted she was wrong about inflation. “I think I was wrong then about the path that inflation would take,” Yellen said on CNN.
On 5/31/2022, White House press secretary Karine Jean-Pierre said she ‘did not hear that part of the speech’ when asked Tuesday about claims made by President Joe Biden that he was ‘appointed’ to the Naval Academy the same year he was already finishing college. ‘I need to read it myself, and just go back and see what you’re talking about exactly. I can’t speak to it right now,’ Jean-Pierre told CBS News’ Ed O’Keefe during the press briefing, as he had asked whether Biden could be confused about the timeline. On 5/27/2022, Joe Biden claimed he applied to the Naval Academy in 1965 even though that date makes his story impossible, during his remarks at the Naval Academy graduation and commissioning ceremony in Annapolis, Maryland. Biden said he applied to Annapolis with a letter from then-Delaware Sen. J. Caleb Boggs, but the year he cited — 1965 — is the same year he graduated from the University of Delaware. The academy doesn’t offer graduate degrees. “I was told the Class of ’72 is here. I was appointed to the academy in 1965 by a senator who I was running against in 1972 — never planned it that way. I wasn’t old enough to be sworn in. I was only 29 years old when I was running,” Biden said. “He was a fine man. His name is J. Caleb Boggs,” the president went on. “I didn’t come to the academy because I wanted to be a football star. And you had a guy named [Roger] Staubach and [Joe] Bellino here. So I went to Delaware.”
Biden wrote in the Wall Street Journal that he had a “plan.”
Top Biden Economic Advisor Brian Deese said that Biden “understands that right now the top issue on people’s minds is prices — prices at the gas station, prices at the grocery store.” Brian Deese, who heads the White House National Economic Council, said “And he’s made very clear, and he’s communicating very clearly, that that’s his top economic priority and that we can address this from a position of strength.”
Biden Economic Advisor Jared Bernstein laughs about being wrong on inflation “easy to look back…find flaws”. He admits $1.9T “stimulus” fueled inflation.
https://facebook.com/HygoNewsUSA/videos/415810483746113/
HYGONews Week’s Most Popular Stories 6/5, Biden reduced deficit, new economy Transition. Inflation transitory not mistake not honest on inflation.