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Oops, Biden Admits He’s Added More Debt to the Country Than Any President


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Joe Biden has added more debt to the country than any president in US history.

Just ask him, and he’ll tell you.

Biden said as much yesterday during a press conference:

“No president added more to the debt in four years than my president,” Biden claimed.

Slowly realizing that he had just said something stupid, he attempted to recover:

“I misspoke…  25% of our country’s entire debt.”

Okay then…

Well, there you have it.

Biden previously claimed that his economic plan will reduce the country’s debt by as much as $1 TRILLION in 2023.

The truth of the matter is that Biden has wrecked the economy already with record inflation and giving all our money to Ukraine.

It must be so hard to keep the lies straight for Biden, especially with such a deteriorated brain.

It’s nice to hear him tell the truth on occasion, even if it was an accident:

CNS News has the latest on Biden’s continued plans to raise the country’s debt:

“The deficit is on track to drop by more than $1 trillion this year, the largest-ever one-year decline,” said Biden’s proposal. “Under the Budget policies, annual deficits would fall to less than half of last year’s levels as a share of the economy, while the economic burden of debt would remain low.

“The Budget’s investments are more than paid for through additional tax reforms that ensure corporations and the wealthiest Americans pay their fair share, allowing us to cut costs for American families, strengthen our economy, and cut deficits and debt by more than $1 trillion over the coming decade,” said the proposal.

But if you scroll down to pages 142 and 143 of Biden’s proposal — its last two pages — you will discover Table S-10: “Federal Government Financing and Debt.”

This table tells a different story than Biden himself does.

It includes a subsection that carries the headline: “Debt Outstanding, End of Year.” It shows what the Biden administration predicts the total federal debt would be — under the terms of Biden’s budget proposal — at the end of each fiscal year through 2032.

At the end of fiscal 2021, it indicates, the total federal debt was $28.386 trillion. At the end of fiscal 2032, it predicts, the total federal debt will be $44.797 trillion.

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That means that under Biden’s budget plan the federal debt would increase by $16.411 trillion — or 57.8% — in the 11 fiscal years from when he first took office in fiscal 2021 through fiscal 2032.

Now matter how Biden tries to spin things, things look very bad for our economic future:..

https://twitter.com/GLStraub/status/1616027135977701378?s=20&t=4myfHtuCqFdLzpYWOKAcLw

https://twitter.com/Rabbithole45/status/1618355841094287364?s=20&t=4myfHtuCqFdLzpYWOKAcLw



 

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