- “They’re gonna talk about big-spending Democrats again. Guess what? I reduced the deficit last year $350 billion. This year, federal deficit is down $1 trillion-plus. That’s a fact. … But so what? These guys are the fiscally demented, I think,” said Biden, prompting laughter from the crowd.
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Biden’s speech also focused on his administration’s work on civil rights and argued Republicans’ economic stances don’t address the disparities faced by minority communities.
- “I think the economy — the way it should grow in America — is from the bottom up and the middle out,” said the president, who next year faces reelection. “That way poor folks have a shot, middle-class people do well and the wealthy still do very well.”
- He also said he is “ready to work” with the GOP, which now control of the House but that he’s disappointed by the first few bills they’ve put forward.
- “Like many Americans, I was disappointed,” Biden said. “It would help the wealthy people and big corporations cheat on their taxes at the expense of ordinary middle-class taxpayers. … This is their first bill and they campaigned on inflation.”
