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.”
As early as 5/9/2022, CNN called on reporter and resident fact-checker Daniel Dale to pick apart President Joe Biden’s that he was responsible for bringing down the deficit. Dale said he also quoted Dan White, a senior director at Moody’s Analytics — which the White House often references — who said the president’s actions have made the deficit higher rather than lower than originally projected. In short, short-term spending expiring is responsible for the deficit dropping approximately $360 billion in Biden’s first year in office. Expectations, however, were much higher, with the Congressional Budget Office projecting an $870 billion decline, Dale noted. Dale said he also quoted Dan White, a senior director at Moody’s Analytics — which the White House often references — who said the president’s actions have made the deficit higher rather than lower than originally projected.
On 6/3/2022, Former counselor to President Trump, Kellyanne Conway blasted President Biden for “not paying attention” to recent polls that highlight the issues Americans are concerned about, “For some reason, the only person not paying attention to all of these polls is Joe Biden and his White House. I’ve never seen such a clear-cut case for how to respond to what the American people say is most important to them. And that’s the key about Americans. You don’t tell them what’s important to them. They tell you. And they’re telling us inflation, immigration. In Joe Biden’s America, mothers can’t find infant formula.”
My plan does all this without raising a penny in taxes on people making less than $400,000 a year and without raising the deficit at all.
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Biden reduced deficit, Moody’s Analytics fact-checked. Only person not paying attention to is Biden and his White House.