- President Biden often boasts of his deficit-fighting prowess, but yesterday, the Congressional Budget Office released projections that show cumulative deficit projections increased by $6 trillion in the two years since he was sworn into office.
- Just last week, Biden said in his State of the Union remarks, “In the last two years, my administration has cut the deficit by more than $1.7 trillion — the largest deficit reduction in American history.”
- In reality, what happened was that Biden entered office in the wake of one of the biggest spending sprees in American history as part of the initial response to the Covid pandemic. In 2020, the deficit hit $3.1 trillion in a single year. So it is no big accomplishment to reduce that number substantially. In fact, deficits were already supposed to go down much more significantly from that level.
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Another Biden Lie: CBO Testifies Deficit Grew, Not Shrank
