President Joe Biden has admitted he has added more to US debt than any other US president.
Wait, what?
Here is what old sleepy Joe said:
“No President added more to the debt in 4 years than my President… I misspoke, 25% of our country’s entire debt.”
Watch for yourself:
However, when Biden sent Congress his budget proposal for fiscal 2023 last year, his words were much different.
“My Budget details the next steps forward on our journey to execute a new economic vision, reduce costs for families, reduce the deficit, and build a better America,” Biden said in the budget message.
“Critically, my Budget would also keep our Nation on a sound fiscal course,” he claimed.
“The deficit is on track to drop by more than $1 trillion this year, the largest-ever one-year decline,” said Biden’s proposal.
“Under the Budget policies, annual deficits would fall to less than half of last year’s levels as a share of the economy, while the economic burden of debt would remain low.”
But if you scroll down to 142 and 143 of Biden’s proposal, it tells a different story.
As CNS News reported:
It includes a subsection that carries the headline: “Debt Outstanding, End of Year.” It shows what the Biden administration predicts the total federal debt would be — under the terms of Biden’s budget proposal — at the end of each fiscal year through 2032.
At the end of fiscal 2021, it indicates, the total federal debt was $28.386 trillion. At the end of fiscal 2032, it predicts, the total federal debt will be $44.797 trillion.
That means that under Biden’s budget plan the federal debt would increase by $16.411 trillion — or 57.8% — in the 11 fiscal years from when he first took office in fiscal 2021 through fiscal 2032.
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