The Controversial Story Of A Deficit Cut – Who Got It Wrong This Time

President Biden’s repeated claims of reducing the federal budget deficit by $1.7 trillion are not only misleading but also detached from reality. During a recent speech in West Columbia, South Carolina, Biden once again boasted about his supposed achievement. However, the truth remains unchanged—Biden’s claims do not align with the facts.

The Washington Post’s liberal chief fact-checker, Glenn Kessler, has thoroughly debunked Biden’s misleading statements. He awarded Biden’s claim a “Bottomless Pinocchio” rating, underscoring the deceptive nature of these assertions. Biden’s track record of repeating this claim over 30 times since June only serves to highlight his attempt to deceive the American people.

Kessler rightly points out that Biden’s additional pandemic relief funds and new policies have contributed to a more modest decline in the deficit than originally projected. In fact, the national debt has swelled by approximately $850 billion more than anticipated during Biden’s tenure. These numbers tell a different story—one of increased debt and fiscal irresponsibility.

The nonpartisan Congressional Budget Office (CBO) has shed further light on the state of our nation’s finances under Biden. In the first seven months of fiscal year 2023 alone, the federal government has accumulated a staggering near-$1 trillion deficit. This revelation underscores the dire consequences of Biden’s policies and their impact on our financial stability.

As Republicans, we cannot afford to overlook Biden’s misleading claims. It is our responsibility to hold him accountable and demand transparency in our government’s fiscal matters. The American people deserve leaders who prioritize honesty and sound economic policies. It is imperative that we remain vigilant and continue to champion fiscal responsibility to secure a prosperous future for our nation.

Source Fox News