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Biden to Tout Falling U.S. Budget Deficit in Speech
Reuters via US News ^ | May 4, 2022 | By Jarrett Renshaw

Posted on 05/04/2022 6:19:32 AM PDT by Oldeconomybuyer

(Reuters) -U.S. President Joe Biden on Wednesday will address his efforts to reduce the nation's budget deficit, noting that it is expected to fall for the second straight year amid a recovering economy and waning emergency spending, according to the White House.

Biden and his fellow Democrats have come under fire from Republicans for a historic rise in inflation that some critics say stems from overspending in Washington amid the COVID-19 pandemic as well as global supply constraints.

He will discuss "his commitment to reducing the deficit going forward while making critical investments to boost the capacity of our economy and lower costs for American families – essentials like prescription drugs, health care, and utility bills", a White House official said.

Biden is still seeking a nearly $2 trillion bill to expand the social safety net and tackle climate change.

(Excerpt) Read more at usnews.com ...


TOPICS: Business/Economy; Government; News/Current Events; Politics/Elections
KEYWORDS: brandon; dementia; democrats; inflation
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1 posted on 05/04/2022 6:19:32 AM PDT by Oldeconomybuyer
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To: Oldeconomybuyer

What the hell is Jo Jo sprinkling on his ice cream?


2 posted on 05/04/2022 6:21:10 AM PDT by FlingWingFlyer (Don't blame me, I voted for President Trump. Let's Go Brandon! FJB!)
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To: Oldeconomybuyer

The US has a Budget ?


3 posted on 05/04/2022 6:21:53 AM PDT by butlerweave
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To: Oldeconomybuyer

You reduce the deficient by spending more money?


4 posted on 05/04/2022 6:22:06 AM PDT by Sacajaweau ( )
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To: Oldeconomybuyer
"Biden to Tout Falling U.S. Budget Deficit in Speech.

Joe Biden is a rotten, dirty, lying son-of-a-gun.!

5 posted on 05/04/2022 6:23:29 AM PDT by unread (Everything you ever thought was right, fair and just is completely wrong..... I think..(?))
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To: Oldeconomybuyer

How much longer will he be allowed to remain in the Presidency? My guess is he will be gone early September 2022.


6 posted on 05/04/2022 6:25:01 AM PDT by hflynn ( )
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To: Oldeconomybuyer

It’s easy to lower the deficit 50% after you’ve raised it 100%


7 posted on 05/04/2022 6:28:12 AM PDT by Mr. K (No consequence of repealing obamacare is worse than obamacare itself)
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To: Oldeconomybuyer

It’s easy to lower the deficit 50% after you’ve raised it 100%


8 posted on 05/04/2022 6:28:13 AM PDT by Mr. K (No consequence of repealing obamacare is worse than obamacare itself)
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To: Oldeconomybuyer
Man, this has to be studied for inclusion in Darrel Huff's book How to Lie With Statistics. He will have to cherry-pick the end points for this piece of BS to even look like he wants it to.
9 posted on 05/04/2022 6:28:24 AM PDT by econjack (I'm not bossy. I just know what you should be doing.)
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To: Sacajaweau

“...[givernment] making critical investments....”

Another big lie and Xiden is not the first demonikrap to spout it. All that means is to print/spend money at the expense of the citizens. No politician is ever called on the carpet to explain the details, what is the expected return on the “investment” and when that return will occur. Nope, just lie without any explanation, any accountability. If only the US had a 4th estate, it died a while ago. Also too many people have been bought off, depend on the givernment for their existence ... including/especially the givernment employees.


10 posted on 05/04/2022 6:28:28 AM PDT by Susquehanna Patriot
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To: Sacajaweau
Actually, bidAn is right this time!

https://www.usdebtclock.org/

Bring up the clock, and take a peek at a few things:

U.S. Spending - decreasing

U.S. Federal Budget Deficit - decreasing

Both the official and the actual values are decreasing. I've been checking in on this for over a week now, same thing.

(note: State and Local debt is increasing)

And, just for grins, take a peek at Dollars to Silver Ratio Now - $2467. Compare that to the current Spot price - $22. Just for grins!

11 posted on 05/04/2022 6:29:00 AM PDT by C210N (Everything will be okay in the end. If it’s not okay, it’s not the end.)
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To: hflynn

Who knows? I thought he wouldn’t make it to the election. He’s the perfect manufactured politician. Completely malleable.


12 posted on 05/04/2022 6:29:58 AM PDT by HighSierra5 (The only way you know a commie is lying is when they open their pieholes.)
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To: Oldeconomybuyer

Biden and Powell speaking around the same time. Could be a huge bear rally. Lots of puts and negative delta hedging right now. If FED puts out any positive guidance, I expect markets to rally high.


13 posted on 05/04/2022 6:30:10 AM PDT by Theoria
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To: Oldeconomybuyer

If you do not agree byeme isn’t doing a great job.. and you say so...you will be cited with spreading disinformation.


14 posted on 05/04/2022 6:33:04 AM PDT by Leep (Don't say God.)
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To: Oldeconomybuyer

Inflation causes more money to go to taxes. U.s.gonna go bankrupt eventually. Won’t have enough money to operate our gizmos.


15 posted on 05/04/2022 6:36:02 AM PDT by Getready (Wisdom is more valuable than gold and diamonds, and harder to find.)
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To: Oldeconomybuyer

It’s like a man gaining 200 pounds then bragging on how he lost 50 pounds quickly.


16 posted on 05/04/2022 6:36:52 AM PDT by central_va (I won't be reconstructed and I do not give a damn...)
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To: Oldeconomybuyer

Brandon the comic. He’s the butt of jokes and doesn’t even realize they are laughing at him, not with him.


17 posted on 05/04/2022 6:39:39 AM PDT by 1Old Pro
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To: Oldeconomybuyer
tackle climate change

I am so sick of this lie....

18 posted on 05/04/2022 6:40:59 AM PDT by central_va (I won't be reconstructed and I do not give a damn...)
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To: hflynn
How much longer will he be allowed to remain in the Presidency? My guess is he will be gone early September 2022.

Or sooner!


19 posted on 05/04/2022 6:41:59 AM PDT by COBOL2Java (Fauci is a despicable little turd)
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To: central_va
like a man gaining 200 pounds then bragging on how he lost 50 pounds quickly.

And due to a wasting disease. The U.S. economy is in a, dare I say it, malaise.

20 posted on 05/04/2022 6:51:10 AM PDT by Sirius Lee (They intend to murder us. Prep if you want to live and live like you are prepping for eternal life)
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