Posted on 12/13/2022 11:22:37 AM PST by ChicagoConservative27
WASHINGTON — President Biden wrongly claimed Tuesday that he lowered the national debt by $1.7 trillion — when in fact the debt grew by nearly $3.7 trillion during his first 23 months in office.
Biden made the error while using the terms “deficit” and “debt” interchangeably during remarks touting the slight decline in the annual inflation rate to 7.1% in November.
“We’ve done all of this while lowering the federal deficit in the two years we’ve been in office $1.7 trillion,” Biden said before incorrectly adding, “Let me say that again — $1.7 trillion we’ve lowered the federal debt.”
The national debt was roughly $27.75 trillion when Biden took office, according to the Congressional Research Service. It is about $31.43 trillion today.
(Excerpt) Read more at nypost.com ...
Is the last amount supposed to be per household?
Or at least 81,000,000 will!
The deficit claim is due to adding trillions in new spending right off the bat. It was one time payments in many cases now they are trying to claim the difference as cutting. It is the same crap Obama pulled.
Biden made the error while using the terms “deficit” and “debt”
This is my wife and this is my sister
Joe Biden
only off by 180 degrees
It’s a habit with him
Anyone who believes anything Lying Joe Biden says is a fool.
The operative measure of economic health is deficit / GDP.
The only effect presidents can have over this measure is to encourage vs discourage free enterprise. That affects GDP. Biden has massively discouraged free enterprise.
Deficit spending is completely in the hands of the House of Representatives. The House has been controlled by Biden’s Democrat allies. With the help of RINO Republicans the Democrat House has spent us the rest of the way into this mess.
Nope per citizen figured one way, then per taxpayer another way. A family of four (if they exist anymore) would in theory have a debt of 4 x $94,231 = $376,924. A dual income no children couple would have a debt of $248,582 or $497,164. I prefer to look at it per citizen because working or not we are all held back by it one way or another. I see the debt / citizen has gone up $5 since I first posted. https://usdebtclock.org/
I see
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