President Joe Biden is proclaiming to every media network that his 2024 budget reduces the deficit is a myth.
This does not happen at all.
In fact, he actually adds $3 trillion to the decade-long deficits.
In the 2023 budget, Biden projected that there would be nearly $14 trillion worth of cumulative deficits by 2033.
In the 2024 budget, the White House forecast that there would be more than $17 trillion worth of cumulative deficits by 2033.
Here are the numbers from the budget:
2024
2023
And, of course, the Biden administration expects to post a $1.8 trillion budget deficit next year!
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As usual, it’s based upon the idea that a budget cut is really just “a projection of a reduction in future spending,” which never happens.
All political promises aren’t worth the paper they’re not written on.