“ The president’s budget for fiscal year 2024 is less a display of prudent finance as it is reminiscent of a carnival shell game. If you don’t pay close attention to the details, you’ll wind up suckered by the man moving the ball around. President Joe Biden’s political talking points may appease his Democrat colleagues, but the details should alarm Americans who stand to lose in this $7-trillion shell game on the national stage.
The first attempt at distraction in this game is the assumption that the Treasury needs more tax revenue to reduce the deficit. At first glance, that checks out mathematically – but it ignores the larger reality.
Fundamentally, the nation does not have a revenue problem; it has a spending problem. Tax revenue has never been higher, whether measured in nominal terms, or adjusted for inflation, or as a percent of GDP, or as a percent of income. Rather, it is government spending which has ballooned to unsustainable levels and created record-breaking deficits.
Consider that federal expenditures were about $4.8 trillion in 2019 but were over $6 trillion in 2022. That’s a 25%-increase in three years — far outpacing economic growth — and it doesn’t even include the $6.7 trillion spent during the pandemic in 2020 or the record-breaking $7.2 trillion spent in 2021, Biden’s first year in office.”
The infrastructure bill (with almost no infrastructure in it).
The Inflation Reductuon Act (which does nothing to reduce inflation and is just a back door to idiot left wing climate crap).
And the Chips Act…(which may or may not accomplish anything the reviews at the time if it’s passage we’re mixed at best…but it’s telling that that seems to be the only thing leftists can point to…that’s not much to point bro for all of that out of control spending since January 2021).
Biden’s primary accomplishments include destroying our southern border, creating the highest inflation in decades, emptying the strategic petroleum reserve, putting men into women’s locker rooms, claiming he would stop the virus right before 5 or 6 hundred thousand people died on his watch, and getting another 70 or 80 thousand more killed courtesy of the Chinese drugs the cartels are importing over the southern border he’s destroyed. Oh and he completely ■■■■■■ up the Afghanistan withdrawal and now we’re in a proxy war in the Ukraine and apparently are heading to the brink of a conflict with China in Taiwan…unless of course he yields to his Chinese masters and just gives them the country.
I probably missed some things but those are Joe Biden’s accomplishments.
As long as we can infinitely deficit spend things will be okay.
No answer to the question. I wonder why not.
Since deficits have gone up more sharply under the last three R admins than the last three D admins how about we start by rolling back the massive tax cuts for the wealthy.? The one in the last admin was sold on the grounds that it would lead to incrased investment and higher wages across the board. Didn’t happen. It mainly went into stock buybacks to make wealthy individuals and institutional investors wealthier. So it failed. Roll it back. Start cutting the deficit.
If you missed the disgusting Joe Biden’s weird video here it is. I guess his handlers were afraid to let him show a little respect to the American people and step up to a microphone and take sone questions.
Remember 4 years ago when this liar said he wanted unity….when he has nothing else to say he just blabbers sonething about MAGA republicans…
Weaponizing intelligence agencies against your enemies while selling the country out to the customers of the family influence peddling business, making daily essentials harder than ever to afford…none of that says “freedom” to me Joe.
More lies from this pathologically dishonest president.
Somebody above was praising Biden’s accomplishments…
Here’s a Biden accomplishment for you.
His farcical border policies have made the United States the middle man in the abuse of tens of thousands of children. Headline- Whistleblower to tell House that US govt is ‘middleman’ in multibillion dollar migrant child trafficking op
“FIRST ON FOX: A House Judiciary subcommittee hearing on Wednesday will feature the testimony from a whistleblower who will warn lawmakers that the U.S. has become the “middleman” in a multibillion dollar migrant child trafficking operation at the border.
The hearing, “The Biden Border Crisis: Exploitation of Unaccompanied Alien Children,” will be held by the House Judiciary Subcommittee on Immigration Integrity, Security, and Enforcement and will examine the surge in unaccompanied children (UACs) at the southern border.
These things are happening because the failed Biden administration has refused to enforce the law at the southern border…and has consistently lied to the American people in a manner that should prove to all of us how little respect those clowns have for all of us.
Why don’t we back step and look at the advice of the bipartisan Simpson-Bowles commission put about by Obama. They were unfortunately shelved in favor of more deficit spending but they were going to raise taxes and massively cut their goals was by 2023, it’s estimated to bring debt down to 69% of GDP
They were shelved and now the debt to gdp is nearly double that to 128% debt to gdp clearly we are on the wrong path and we can see several countries moving away from the dollar as the worlds reserve currency. That should scare anyone who say’s debts don’t matter because the dollar is the worlds currency so we can carry a larger debt.