So from the trillions to be spent on Build Back Better to fiscal responsibility. Like Barbarino, I am so confused.
Posted on 05/04/2022 6:44:14 AM PDT by Oldeconomybuyer
WASHINGTON (AP) — President Joe Biden plans to highlight deficit reduction in remarks Wednesday at the White House, noting that the government will pay down the national debt this quarter for the first time in six years.
The Democratic president has placed renewed emphasis on deficit reduction … the burst of $1.9 trillion in coronavirus relief approved in 2021 has already paid off in the form of faster growth that now makes it easier to stabilize government finances.
It is unclear if greater fiscal responsibility can deliver politically for Biden as Democrats try to defend control of Congress. His two most recent Democratic predecessors, Bill Clinton and Barack Obama, also cut budget deficits, only to leave office and see their Republican successors use the savings on tax cuts.
Still, Biden hopes to draw a sharp contrast with former President Donald Trump, whom he beat in 2020. Trump, among a multitude of promises, pledged to lower the national debt yet failed to do so during any financial quarter of his presidency. Biden has repeatedly taken aim at that broken promise.
When unveiling his budget plan in March, Biden said that after his Republican predecessor’s “fiscal mismanagement” his administration is “reducing the Trump deficits and returning our fiscal house to order.”
(Excerpt) Read more at apnews.com ...
The deficit is falling? ROTFLMAO. Somebody been hittin’ da happy smoke again.
Babylon Bee?
THEY ARE INFLATING THEIR WAY OUT OF DEBT.
IT HAS HAPPENED MANY TIMES BEFORE.......................
That’s what Obama told him to say...stupid assed cuck.
So from the trillions to be spent on Build Back Better to fiscal responsibility. Like Barbarino, I am so confused.
U.S. Trade Deficit Soars to New Record High
https://www.breitbart.com/economy/2022/03/08/u-s-trade-deficit-soars-to-new-record-high/
he U.S. trade deficit soared to a new record high in January as the U.S. imported more oil and autos and inflation pushed up the price of goods while exports declined.
The trade deficit climbed 9.4 percent in January to $89.7 billion, breaking the $81.9 billion record set just a month earlier.
If you inflate the money, the debt becomes payable with worthless scrip.
Imagine you have a mortgage of $300K.
Then inflation makes that $300K worth as much as $30K is today.
You pay off your mortgage with inflated dollars, and voila! No more debt!.................
It may be rising at a slower rate. In rat logic that means falling. Of course since we are entering a recessionary decline in growth with continuing high inflation the crowing will fall on deaf ears for the most part. The audience will still be looking at escalating prices for essential food and energy, and finding no comfort in rat abstractions.
... the burst of $1.9 trillion in coronavirus relief approved in 2021 has already paid off in the form of faster growth that now makes it easier to stabilize government finances.
—
Spending money saves money. Riiiight.
THANKS TO MY PRESIDENT TRUMP, I was able to pay off my 30 year mortgage in 16 years and I am forever grateful...........
the criminal liberal media have received their DNC talking points:
https://freerepublic.com/focus/f-news/4060261/posts
I read today the deficit was over $100 million in March
U.S. trade deficit jumps 22% and tops $100 billion for the first time ever
And here’s how the criminals at Yahoo reported the story
Robust imports push U.S. trade deficit to record high in March
https://finance.yahoo.com/news/robust-imports-push-u-trade-130732618.html
No telling with the way they lie about everything.
But, by their own admission and data they say that the deficit is growing and then the AP does an article that it’s shrinking.
Idiots.
And complacency and busy lives have allowed people of this ilk to take over so many aspects of our lives. Sad.
So, Yahoo talks about the deficit increasing. AP says it’s decreasing.
They give you all the information needed to herd them into one area of the world, wall it off and let them live their miserable, utopian, liberal, hipster, socialist lives.
The US Mint’s printing presses must be wearing out by now.
I have done accounting for the past 65 years.
I ain’t buying this BS story-—NOT ONE WORD.
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