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:
BIDEN: "No President added more to the debt in 4 years than my President… I misspoke, 25% of our country's entire debt." 🤣 🤣 🤣 Finally telling the truth! pic.twitter.com/T0pMMsdJI3
— Matt Clark (@MattClarkReport) January 26, 2023
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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