Recently, President Joe Biden made the contentious assertion that he had successfully decreased the budget deficit in the United States. However, there has already been a lot of disagreement and doubt expressed about this claim.
Joe Biden talked on the debt during a recent trip to South Carolina, noting with pride that he had successfully cut it by an amazing $1.7 trillion in just two years. The national debt was significantly reduced as a result of this accomplishment, which had never been done before.
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The Washington Post fact-checker Glenn Kessler did not think much of the assertion in April. He scolded Biden sternly and gave the assertion a “Bottomless Pinocchio” rating.
The Post rates its articles on a scale from one to four Pinocchios, with four being the most flagrantly false.
According to Kessler, the phrase is only used for, “false or misleading statements repeated so often that they became a form of propaganda.”
Biden had earlier received one for claiming “that he’s traveled 17,000 miles with Chinese president Xi Jinping,” Kessler wrote.
Kessler lashed out at Biden in April for presenting inaccurate deficit numbers at least 30 times since June 2022. He asserted that this assertion was seriously false and deserved a score of three pinocchios.
“All told, in those two years Biden increased the national debt by about $850 billion more than originally projected,” Kessler wrote regarding the president’s first two budgets.
Kessler draws attention to the alarming fact that the deficit has gotten worse during Biden’s leadership. Furthermore, he notes that the legislation passed by Biden will force the federal government to continue accruing debt in the future.
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“Budget numbers often make people’s eyes glaze over and so, from a communications perspective, it’s easy to manipulate the math. But the numbers don’t lie. The president earns his second Bottomless Pinocchio,” Kessler wrote.
David Winston writes in an insightful Op-Ed piece that was published in Roll Call that after the 2020 federal budget included significant funding for COVID-19 relief, Biden saw this increased budget not as a crisis but as a chance to fund what ended up being an unprecedented spending spree.
He described Biden as a big spender.
“If Biden’s 2024 proposed budget actually passed, he would add as much to the national debt as Trump and Bush 43 combined,” he wrote.
He claims that through 2029, the Congressional Budget Office expects the annual deficit to be greater than $1 trillion. In addition, it is anticipated to reach $2 trillion between 2030 and 2033.
Fox claims that the Congressional Budget Office has estimated a $1 trillion deficit for the first seven months of the federal fiscal year 2023, which began in October.
It is said that if someone tells you a lie enough times, they themselves will begin to believe it is the truth.