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 ...
What the hell is Jo Jo sprinkling on his ice cream?
The US has a Budget ?
You reduce the deficient by spending more money?
Joe Biden is a rotten, dirty, lying son-of-a-gun.!
How much longer will he be allowed to remain in the Presidency? My guess is he will be gone early September 2022.
It’s easy to lower the deficit 50% after you’ve raised it 100%
It’s easy to lower the deficit 50% after you’ve raised it 100%
“...[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.
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!
Who knows? I thought he wouldn’t make it to the election. He’s the perfect manufactured politician. Completely malleable.
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.
If you do not agree byeme isn’t doing a great job.. and you say so...you will be cited with spreading disinformation.
Inflation causes more money to go to taxes. U.s.gonna go bankrupt eventually. Won’t have enough money to operate our gizmos.
It’s like a man gaining 200 pounds then bragging on how he lost 50 pounds quickly.
Brandon the comic. He’s the butt of jokes and doesn’t even realize they are laughing at him, not with him.
I am so sick of this lie....
Or sooner!
And due to a wasting disease. The U.S. economy is in a, dare I say it, malaise.
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