Posted on 05/04/2022 9:29:35 AM PDT by ChicagoConservative27
The latest push by Democrats and the establishment media to repair President Joe Biden’s standing with the American public on economic issues improbably attempts to crown the president with the laurel of fiscal responsibility.
In remarks at the White House Wednesday, Biden plans to claim credit for deficit reduction and pat himself on the back because the federal government will likely shrink the national debt this quarter. That will be the first quarter in six years the government has paid down some debt. This is part of the scramble to create some positive economic news ahead of the midterm elections.
(Excerpt) Read more at breitbart.com ...
The only fiscal responsibility by Biden is the 10% cut that he takes.
Yep they collected more tax revenue than ever in 2021 tax year that they collected in April 2022.
I know that I paid a HUGE capital gain on some industrial real estate I sold as I didn’t want to wait for the tax laws to change. Perhaps I sold early but the incentive was to do it before they raised the tax rates.
Biden need to be removed from office he is incompetent
Joe Biden Self-Identifies with a Diaper Full of Crap
Neither party is fiscally responsible. Neither party wants to be fiscally responsible. It would be too painful.
Funny, I thought he identified as a bag of hammers.
LOL...who is going to care about shrinking the national debt a smidgeon when people can’t afford rent, food, gas, clothing and other necessities of life due to Democrats. The national debt is an obscure concept to people. Their daily budgets and trying to make ends meet is a reality to everyday people.
Fiscally Responsible Money Launderer
This is from a Twitter post from the State Government Leadership Foundation (SGLF) Our country is a tale of two Americas. It generated the usual sewer of Twitter vitriol, but it is instructive to see what the liberal kooks believe. It is breathtaking.
The "deficit reduction" claim is absurd. The government spent an additional $5 trillion if didn't have. If, the next year, you only spend $4 trillion you don't have, you can claim to have "reduced the deficit by $1 trillion."
He take half if he made the deal himself..according to his,if I’m not mistaken, daughter’s one email?
Yep they collected more tax revenue than ever in 2021 tax year that they collected in April 2022.
Do you, perhaps, have a slightly bolloxed word choice here?
Perhaps, paraphrasing your excellent statement but in a bit better prose;
"Yep, WE GENERATED more taxable revenue than ever in the 2021 tax year that THEY confiscated in/by April 2022.
I personally know one elderly man, a formerly brilliant libertarian, who now believes the lies the leftist media floods the field with. He no longer remembers how to discern the truth. He just parrots their lies. I stopped trying to educate him because he now lacks short term memory, and starts each day with a clean slate. I just try to calm him down, to convince him that he need not worry about Putin taking over the world like Hitler.
These are the people the Left is targetting, people lacking in critical thinking skills, either through dementia or stupidity.
“It would be greedy and irresponsible for me to accept more than 10%!” —Joek Hiden.
Biden identifies as Fiscally Responsible, and his pronouns are Big Guy,
and Big Spender.
I identify as non-Bidenary.
I identify as the queen of England.
My pronouns are your majesty and your highness.
5.56mm
Biden plans to claim credit for deficit reduction and pat himself on the back because the federal government will likely shrink the national debt this quarter. That will be the first quarter in six years the government has paid down some debt.
Reality.
https://fiscaldata.treasury.gov/datasets/debt-to-the-penny/debt-to-the-penny
Record Date
Debt Held by the Public
Intragovernmental Holdings
Total Public Debt Outstanding
5/2/2022
$23,875,234,532,634.35
$6,527,387,368,378.16
$30,402,621,901,012.51
12/31/2021
$23,143,747,354,717.21
$6,473,467,501,334.54
$29,617,214,856,051.75
12/31/2020
$21,632,418,904,104.24
$6,115,379,043,563.53
$27,747,797,947,667.77
- - - - - - - - - -
https://fiscaldata.treasury.gov/datasets/historical-debt-outstanding/historical-debt-outstanding
The last time the debt shrank year over year was under President Eisenhower.
6/30/1957 $270,527,171,896.43
6/30/1956 $272,750,813,649.32
The debt first reached $1T under President Reagan.
9/30/1982 $1,142,034,000,000.00
9/30/1981 $997,855,000,000.00
9/30/2016 $19,573,444,713,936.79
9/30/2012 $16,066,241,407,385.89
9/30/2008 $10,024,724,896,912.49
9/30/2004 $7,379,052,696,330.32
9/30/2000 $5,674,178,209,886.86
9/30/1996 $5,224,810,939,135.73
9/30/1992 $4,064,620,655,521.66
9/30/1988 $2,602,337,712,041.16
9/30/1984 $1,572,266,000,000.00
9/30/1980 $907,701,000,000.00
6/30/1976 $620,433,000,000.00
6/30/1972 $427,260,460,940.50
6/30/1968 $347,578,406,425.88
6/30/1964 $311,712,899,257.30
That would be a good joke if it wasn’t on all of us.
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