A Turnaround In The Economic Narrative – What Is The Actual Story

President Biden’s repeated misleading claims regarding the federal budget deficit are cause for concern. During a recent speech, Biden proudly declared that he had reduced the deficit by $1.7 trillion since taking office. However, a closer examination reveals the falsehood behind these assertions.

The Washington Post’s fact-checker, Glenn Kessler, has consistently exposed the deceptive nature of Biden’s claims. Awarding them a “Bottomless Pinocchio” rating, Kessler emphasizes the lack of truth in Biden’s statements. Biden’s audacity to repeat this claim over 30 times demonstrates a deliberate effort to mislead the American people.

Contrary to Biden’s assertions, his additional pandemic relief funds and new policies have resulted in a more modest decline in the deficit than anticipated. In reality, the national debt has increased by approximately $850 billion more than initially projected. These figures present a troubling picture of our nation’s fiscal health under Biden’s leadership.

The nonpartisan Congressional Budget Office (CBO) has confirmed the severity of the situation. In the first seven months of fiscal year 2023, the federal government has amassed an alarming near-$1 trillion deficit. This revelation should serve as a wake-up call for all Americans concerned about the financial stability of our nation.

It is crucial for Republicans to hold Biden accountable for his deceptive claims. We must demand transparency and honesty in our government’s financial reporting. The American people deserve leaders who prioritize fiscal responsibility and sound economic policies. As Republicans, it is our duty to advocate for accountability and ensure that our nation’s finances are managed responsibly. Only then can we secure a prosperous future for generations to come.

Source Fox News