On 10/21/2022, Joe Biden delivered remarks on the ‘deficit reduction’ his economic plan is achieving. He thinks the polls will shift to his side because he was able to make gas prices down, “You know, I know — and I don’t blame you — you want to ask me about the midterms. (Laughs.) And here’s what I think: It’s been back and forth with them ahead, us ahead, them ahead. Back and forth. And the polls have been all over the place. I think that we’re going to see one more shift back to our side in the closing days. And let me tell you why I think that. We’re starting to see some of the good news on the economy. Gas prices are down sharply in 46 of the 50 states because of what I’ve been doing.”
A reporter asked him, “Do you support the permanent repeal of the debt ceiling?” Biden replied, “A permanent repeal of the debt ceiling? What do you mean? I mean just say we don’t have a debt limit? No, that’d be irresponsible.”, directly at odds with the position of Treasury Secretary Yellen. So Biden he doesn’t support Democrats’ efforts to abolish the debt limit. Biden’s remarks come after a series of Republican lawmakers said they backed the notion of lifting the debt limit next year as a leverage point to get Democrats to agree to spending cuts.
Biden said, “Its mega MAGA trickle-down. Mega MAGA trickle-down — the kind of policies that have failed the country before and will fail it again. It’ll mean more wealth to the very wealthy, higher inflation for the middle class. That’s the choice we’re facing. That’s why I think that we’re going to do just fine.”
President Joe Biden brags about gas prices coming down even though they are still significantly up on 10/21/22. Joe Biden’s tax-and-spend policies have reduced the deficit. For the first time in US history, the national debt has surpassed $31 trillion. Biden brags gas prices are coming down, but prices remain $1.43/gal higher than when he took office, “And the price of gas at the pump is coming down. It’s down $1.20 since this summer, and just this week — last week, it’s fallen another 10 cents.” Biden spending record high inflation, then accuses Republicans of wanting to “make inflation worse.” Biden starts yelling about how republicans want to extend president Trump’s middle-class tax cuts. Biden also said, “we’re starting to see some of the good news on the economy”
“Look at what I’ve inherited and what I’ve done!” Biden said, “And the Republicans criticized my economic record, but look at what I’ve inherited and what I’ve done. And look at what they’re offering. They want to double down on the Trump tax cuts for the wealthy, make them permanent because they’re going to expire in 2025.”
“Now Republicans in Congress are doubling down on their commitment to explode the deficit again. Just this week — it’s hard to make this stuff up. Just this week, Republican leaders said if they get their way, they’re going to extend the tax — the Trump tax cuts, which are due to expire in a couple years — extend them. They said they’ll repeal the corporate minimum tax of just 15 percent that I just signed into law — 15 percent.”
“They’ll threaten the very foundations of the American economy if we don’t meet their demands. And they talk about inflation. Everything they proposed — are proposing will make inflation worse. Everything they’re proposing would make inflation worse.”
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Biden: one more shift back to our side before midterm, MAGA failed we’re just fine, irresponsible to abolish debt ceiling