"Record Breaking"
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Andy McCarthy:
Most recently, the president has begun taking credit for a scheduled $1 trillion decline in the budget deficit in 2022, a decline that took place automatically because of the scheduled expiration of the 2020 pandemic spending. In fact, the president’s $1.9 trillion American Rescue Plan slowed down what would have otherwise been even faster deficit reduction, and that was before the president tried to deepen the red ink with his Build Back Better proposal. And while this year’s $1.4 trillion budget deficit is below the staggering $3 trillion pandemic peak of 2020, it remains 44 percent above the $984 billion deficit President Trump oversaw in 2019 immediately before the pandemic, which is the more relevant (non-pandemic) comparison.
Despite this higher budget deficit, the president recently tweeted that “after my predecessor’s fiscal mismanagement, we’re reducing the Trump deficits and returning our fiscal house to order,” an ironic claim as so much of the 2020 “Trump deficit” was driven by policies such as family tax rebates, child tax credit expansions, and unemployment bonuses drafted by congressional Democrats and endorsed by then-candidate Biden.
The White House also brags about “the largest yearly job growth in U.S. history” last year. Given that the government had essentially ordered businesses and jobs to shut down, this is like turning a light switch off and then back on and bragging that you’ve discovered electricity.
"Now look here, you Baltic gas passer... " - Mik, 6/14/08
The saying, "Lite is just one damn thing after another," is a gross understatement. The damn things overlap.
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@Mik said in "Record Breaking":
Deficit down $1.3T? Really? They can claim that with a straight face?
It all depends on where you start the x-axis, doesn't it?
@George-K said in "Record Breaking":
@Mik said in "Record Breaking":
Deficit down $1.3T? Really? They can claim that with a straight face?
It all depends on where you start the x-axis, doesn't it?
I assume it’s based on federal fiscal year it which case it is a fair claim.
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Andy McCarthy:
Most recently, the president has begun taking credit for a scheduled $1 trillion decline in the budget deficit in 2022, a decline that took place automatically because of the scheduled expiration of the 2020 pandemic spending. In fact, the president’s $1.9 trillion American Rescue Plan slowed down what would have otherwise been even faster deficit reduction, and that was before the president tried to deepen the red ink with his Build Back Better proposal. And while this year’s $1.4 trillion budget deficit is below the staggering $3 trillion pandemic peak of 2020, it remains 44 percent above the $984 billion deficit President Trump oversaw in 2019 immediately before the pandemic, which is the more relevant (non-pandemic) comparison.
Despite this higher budget deficit, the president recently tweeted that “after my predecessor’s fiscal mismanagement, we’re reducing the Trump deficits and returning our fiscal house to order,” an ironic claim as so much of the 2020 “Trump deficit” was driven by policies such as family tax rebates, child tax credit expansions, and unemployment bonuses drafted by congressional Democrats and endorsed by then-candidate Biden.
The White House also brags about “the largest yearly job growth in U.S. history” last year. Given that the government had essentially ordered businesses and jobs to shut down, this is like turning a light switch off and then back on and bragging that you’ve discovered electricity.
Where’s the McCarthy piece explaining that most of the inflation we’re seeing was inevitable regardless of what Biden did?
Seems like people are being pretty selective about what they mindlessly credit or blame him for vs what gets loaded with pandemic caveats.
"You never know what worse luck your bad luck has saved you from."
-Cormac McCarthy -
Where’s the McCarthy piece explaining that most of the inflation we’re seeing was inevitable regardless of what Biden did?
Seems like people are being pretty selective about what they mindlessly credit or blame him for vs what gets loaded with pandemic caveats.
@jon-nyc said in "Record Breaking":
Where’s the McCarthy piece explaining that most of the inflation we’re seeing was inevitable regardless of what Biden did?
Seems like people are being pretty selective about what they mindlessly credit or blame him for vs what gets loaded with pandemic caveats.
His whole point was that Biden is being pretty mindlessly creative with his claims. X-axis, and all.
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@jon-nyc said in "Record Breaking":
Where’s the McCarthy piece explaining that most of the inflation we’re seeing was inevitable regardless of what Biden did?
Seems like people are being pretty selective about what they mindlessly credit or blame him for vs what gets loaded with pandemic caveats.
His whole point was that Biden is being pretty mindlessly creative with his claims. X-axis, and all.
@George-K said in "Record Breaking":
@jon-nyc said in "Record Breaking":
Where’s the McCarthy piece explaining that most of the inflation we’re seeing was inevitable regardless of what Biden did?
Seems like people are being pretty selective about what they mindlessly credit or blame him for vs what gets loaded with pandemic caveats.
His whole point was that Biden is being pretty mindlessly creative with his claims. X-axis, and all.
What's funny is how people appear to be surprised by this, almost as if it's the first time it's happened.
