Despite Biden’s claims that he has reduced the federal deficit the opposite is true. The deficit increased by $1 Trillion in the first six months of fiscal year 2023.
Weird old Joe Biden lied multiple times claiming to cut the deficit under his watch.
Joe Biden lies again about the deficit, falsely claiming his policies have reduced it.
Per Moody’s Analytics: “The actions of the [Biden] administration and Congress have undoubtedly resulted in higher deficits, not smaller ones.” pic.twitter.com/VyjJq8jlNr
— RNC Research (@RNCResearch) March 15, 2023
Biden claims that his policies have reduced the deficit. This was another blatant lie from Biden. This guy doesn’t know where he’s at and he certainly does not know numbers, but he still is able to lie to make a point.
Biden screams “THAT’S A FACT” that his policies have reduced the deficit.
This is a debunked lie. Even CNN and the Washington Post say his policies have increased deficit projections. pic.twitter.com/jGweriuTSd
— RNC Research (@RNCResearch) November 1, 2022
The only thing reducing the deficit was the end of COVID and the insane spending that went along with it. Biden added billions to the deficit with increased spending and now we are seeing the ultimate results of his America-killing policies.
Terrance Jeffry at CNS reports:
The federal deficit topped $1 trillion in the first six months of fiscal 2023 (October through March), according to the Monthly Treasury Statement released today.
This was despite the fact that federal tax revenues in the first six months of this fiscal year were $2,048,196,000,000, which was the second-highest in the nation’s history (when compared to the inflation-adjusted numbers for the tax revenues collected in the first six months of previous fiscal years).
From February to March, according to the Monthly Treasury Statement, the fiscal 2023 federal deficit increased by $378,077,000,000, climbing from $722,627,000,000 to $1,100,704,000,000.