‘Mega MAGA Trickle-Down’: Biden Makes Bold Claim On How He Fixed The Budget After Republicans Blew It Out | Eastern North Carolina Now

    Publisher's Note: This post appears here courtesy of the The Daily Wire. The author of this post is Ben Zeisloft.

    President Joe Biden argued on Friday that his administration was responsible for the largest decrease of the budget deficit in American history, while "mega MAGA trickle-down" policies from Republicans "failed the country."

    The claim occurs as the national debt surpasses $31 trillion for the first time, implying over $93,000 in liabilities per citizen and nearly $248,000 per taxpayer. As he argued that the nation is transitioning "from a historically strong economic recovery to a steady and stable growth," Biden added that the deficit fell by $1.4 trillion this year and $350 billion last year.

    "Today, we have further proof that we're rebuilding the economy in a responsible way," he said during a speech. "Let me be clear: This record deficit reduction includes the cost of my student loan plan and everything else we're paying for."

    Biden failed to mention, however, that the deficit surged as policymakers enacted multiple stimulus packages meant to dampen economic fallout from government lockdowns. The deficit surged from nearly $1 trillion in 2019 to $3.1 trillion in 2020, according to data from the Office of Management and Budget, while the current deficit of $1.4 trillion exceeds the last pre-recession deficit by roughly $400 billion.

    Policies enacted by the Biden administration will contribute more than $4.8 trillion in new deficit spending between 2021 and 2031, according to an analysis from the Committee for a Responsible Federal Budget. Removing the effect of the American Rescue Plan, a $1.9 trillion package greenlit weeks after Biden's inauguration, implies $2.5 trillion of new deficits.

    Biden was nevertheless quick to argue that his policies decreased spending more than those enacted by Trump, who indeed oversaw a rapid increase in spending even before the recession.

    "On my watch, things have been different. The deficit has come down both years that I've been in office," Biden said. "And I just signed legislation that's going to reduce it even more in the decades to come. Now Republicans in Congress are doubling down on their commitment to explode the deficit again. Just this week, Republican leaders said if they get their way, they're going to extend the Trump tax cuts, which are due to expire in a couple years."

    The comments occur less than one month before the midterm elections, in which the economy and inflation rates are particularly salient issues for American voters, as indicated by a poll from ABC News and The Washington Post. Republicans lead the Democrats by a 16% margin and a 19% margin with respect to trust in handling the economy and inflation, respectively.

    "If Republicans get their way, the deficit is going to soar, the tax burden is going to fall on the middle class," Biden added. "And Republicans are working really hard."

    Democratic candidates, however, have distanced themselves from Biden and his economic agenda, including an executive order which canceled as much as $20,000 in student loan debt per borrower. One survey from CNBC revealed that 59% of Americans are concerned that eliminating student debt will worsen inflation.

    In terms of midterm predictions, Biden conjectured that his party will "see one more shift" in the polls toward their side before Americans cast their ballots. "It's been back and forth with them ahead, us ahead, them ahead. Back and forth," he said.


poll#161

Considering what is being reported as the most divisive presidential speech - September 1, 2022 - in modern American history, where over 74,000,000 people, many of whom are OUR greatest patriots, were named as fascists by inference or otherwise: Is Joe Biden clearly capable of governing all of the American People to the betterment of this Representative Republic?

  Yes, it is important that Haters are named.

  No, Joe Biden cannot accept criticism when the real truth is his cruelest taskmaster.

  I have no idea what is going on because I only consume Democratic Socialist Media.

629 total vote(s)     What's your Opinion?

poll#162

In what may be the most divisive period in modern American History, even more divisive than the turbulent sixties due to today's lack of patriotism, consider what are the major catalysts causing so much of this calamity of conflict, and vote: What most instigates the division of America, on this day September 20, 2022?

  Racism within our society

  Sex realignment to the detriment of our society.

  Biden /Harris Wide Open Southern Border Policy for the Demographic Upheaval of OUR Constitutional Republic

  Rampant Crime in Democratic controlled cities, and the possible contagion elsewhere

  Covid Pandemic, and its mishandling at the political, and bureaucratic levels.

  The unresolved questions /allegation regarding the flawed 2020 General Election

  January 6th Riot or "Armed Insurrection", depending upon patriotic perspective

  Joe Biden as Divisive Leader; Ineffective and Corrupt Executive

  Failed Education Industry, from an overall perspective, regarding all levels of education.

  Propagandistic Media in complete conflict with the First Amendment's guarantee of Freedom of Speech, and the awesome responsibility of a Free Press..

  "Orangeman Bad!"

  Bureaucracy rushing to a behemoth size, its unjustified expense, and far too often overreach.

  The Weaponized Deep State for political purposes

  A secular ambivalence to all that is real.

  Record number of overdose deaths from opioids and now Fentanyl

  Biden Administration's disastrous Foreign Policy

  Bidenflation /supply chain failure inevitably evolving into stagflation and recession.

  "Ultra MAGA Extremists" freely speaking louder AND LOUDER!

927 total vote(s)     What's your Opinion?

poll#145

After one full year of the Biden /Harris Administration: Does Joe Biden have the intellectual capacity, and, or the energy to lead the United States of America through the mess that he predominately created ... in just one year?

  Yes

  No

  Unsure

1,220 total vote(s)     What's your Opinion?