Unveiling A Shocking Truth About The Economy You Thought You Knew

In yet another attempt to deceive the American people, President Biden has once again peddled a highly misleading claim about the federal budget deficit. During a recent speech in West Columbia, South Carolina, Biden boasted about reducing the deficit by $1.7 trillion since taking office in January 2021. But don’t be fooled by his empty words.

The Washington Post’s liberal chief fact-checker, Glenn Kessler, gave Biden’s claim a “”Bottomless Pinocchio”” rating back in April. Kessler called it highly misleading, and for good reason. Biden has made this same claim on numerous occasions, even earning himself “”three Pinocchios”” when he made a different version of the claim last year.

It’s clear that Biden is trying to take credit where credit is not due. The truth is, the additional pandemic relief funds and other new policies enacted by Biden have caused a more modest decline in the deficit than was originally projected for 2021 and 2022. In fact, the national debt has increased by about $850 billion more than originally projected during these two years. The data simply does not support Biden’s claims.

It’s time for the American people to see through the smoke and mirrors. Biden’s deficit reduction claims are nothing more than political theater aimed at painting his administration in a positive light. The reality is that the deficit picture has worsened under Biden’s watch.

In May, the nonpartisan Congressional Budget Office (CBO) revealed that the federal government, under Biden’s leadership, had run a near-$1 trillion deficit in the first seven months of fiscal year 2023 alone. That’s an alarming number, and it’s clear that Biden’s policies are contributing to this financial mess.

We cannot afford to be fooled by Biden’s misleading claims any longer. The American people deserve transparency and honesty when it comes to our nation’s finances. It’s time to hold Biden accountable for his empty promises and ensure that we have leaders who prioritize fiscal responsibility and sound economic policies.

Source Fox News