So your evidence that Biden increased the deficit is showing (unsourced) information which shows the deficit is less now than when his predecessor left office? This argument makes sense to you?
Look at the logic and information presented in his OP.
And what's the alternative
Actually, I am a rocket scientist AND a brain surgeon. Believe me.
Its the GOP who USE to run as fiscal conservatives. Like the law and order claims. Its BS.
You sure about that? Your own source blatantly contradicts your own claim.
Deflection is not answering a question and moving to other points.
Which is different from President Biden. He and the D congress are lowering national deficits.The US deficit has been decreasing since. FY 2020
FY 2020 $3.13T
FY 2021 $2.77T
FY 2022 $1.38T
Fiscal Data Explains the National Deficit
Check out @FiscalService Fiscal Data’s new national deficit page! #NationalDeficitfiscaldata.treasury.gov
While the President signs spending Bills it is Congress who writes and passes the Bills for the President signature or veto. Don't overlook the role of Congress in the deficit.
ps. Even under Trump the deficit increased each year.
New Hampshire's republican party supporting newspaper,
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| End of Fiscal Year | Debt (in billions, rounded) | Debt-to-GDP Ratio | Major Events by Presidential Term |
|---|---|---|---|
| 2016 | $19,573 | 105% | Brexit |
| 2017 | $20,245 | 104% | Congress raised the debt ceiling (Gov. borrowing average $57 billion each month) |
| 2018 | $21,516 | 105% | Trump tax cuts (October 1, 2017 - Sept. 30, 2018, borrowing average $106 billion each month) |
| 2019 | $22,719 | 107% | Trade wars |
| 2020 | $27,748 | 129% | COVID-19 and 2020 recession (October 1, 2019 - Sept. 30, 2020, Trump authorized borrowing $5,029 billion, ) |
| 2021 | $29,617 | 124% | COVID-19 and American Rescue Plan Act |
| 2022 | $30,824 | 123% | Inflation Reduction Act and student loan forgiveness (October 1, 2021 - Sept. 30, 2022 (Biden auth. borrowing $1,207 billion) |
www.cnn.com
If democrats win Biden will not hold backNew Hampshire's republican party supporting newspaper,
https://www.unionleader.com › opinion › editorials › our-choice-is-joe-biden › article_e2053388-cc66-59f4-9e7f-8e01a1ea11df.html
Our choice is Joe Biden* | Editorials | unionleader.com
Oct 25, 2020 "Our choice is Joe Biden* Oct 25, 2020 This year's general election ballot presents the voter with a dilemma. We have wrestled with this year's choices, as we imagine many voters have. Up and down...
Since Trump took over, the national debt has exploded by more than 7 TRILLION dollars. While the last several trillion was in response to the COVID-19 economic crisis, at least the first three trillion was on the books well before the pandemic, while Trump was presiding over “...the best economy we’ve ever had in the history of our country.” (Trump’s words.)
The layman would expect that the best economy in history would be a time to get the fiscal house in order, pay down debt and prepare for a rainy day (or perhaps a worldwide pandemic)..."
Trump authorized borrowing in first full fiscal year, October 1, 2017 - Sept. 30, 2018, = $1,271 billion and no infrastructure improvement spending
Biden authorized borrowing in first full fiscal year, October 1, 2021 - Sept. 30, 2022, = $1,207 billion.
From October 1, 2017 - December. 31, 2017, there was not yet reduced revenue resulting from 2017 Trump tax cuts or covid-19 inflationary impact
the first fiscal year on Trump's watch began October 1, 2017, avg. monthly borrowing jumped from $57 billion to $106 billion each month and
never below $100 billion per month, since.
US National Debt by Year
The U.S. national debt was over $31 trillion in 2022. In 1930, it was just $16 billion. The biggest impacts have been defense spending, recessions, and recently, the pandemic.www.thebalancemoney.com
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End of Fiscal Year Debt (in billions, rounded) Debt-to-GDP Ratio Major Events by Presidential Term
2016 $19,573 105% Brexit 2017 $20,245 104% Congress raised the debt ceiling (Gov. borrowing average $57 billion each month) 2018 $21,516 105% Trump tax cuts (October 1, 2017 - Sept. 30, 2018, borrowing average $106 billion each month) 2019 $22,719 107% Trade wars 2020 $27,748 129% COVID-19 and 2020 recession (October 1, 2019 - Sept. 30, 2020, Trump authorized borrowing $5,029 billion, ) 2021 $29,617 124% COVID-19 and American Rescue Plan Act 2022 $30,824 123% Inflation Reduction Act and student loan forgiveness (October 1, 2021 - Sept. 30, 2022 (Biden auth. borrowing $1,207 billion)
How do you know what will be added as debt? How do you know what our revenue will be over the next 10 years? You don't.Even CNN cant defend it
Biden contradicts himself with victory laps on deficit reduction and student loan relief, experts say | CNN Politics
President Joe Biden took a victory lap on Friday for the biggest one-year drop in the federal deficit in American history.
And these deficit are far worse with rising interest rates. Interest on the debt triples in the next 10 years as we add another 15 trillion in debt. Thats 20% of every dollar collected in taxed going just to service the debt. And here Biden is acting like 1.4 trillion deficit is an accomplishment?
Correct. It's cumulative and it's quite the feat to spend more in 4 years than someone that spent across 8 years especially when there are investigations into funds being misappropriated since his inauguration spending.
bipartisanpolicy.org
and delivered. he decreased the deficit lol.
Biden decreased the deficit. By almost half, actually year over year.
A hostile congress...but try and ignore that...Trump continues to live in your head rent free.So what was Trump's excuse?
Trump Added More to the National Debt Than Obama and Bush
The fiscally irresponsible 45th president somehow bloated deficits more in four years than his predecessors did in eight.www.thedailybeast.com
You just had the facts presented to you.
