Jack Salmon writes that Biden’s claims to fiscal responsibility don’t hold up:
The Congressional Budget Office projected combined deficit spending for financial years (FY) 2021 and 2022 to be around $3.3 trillion. Actual budget deficits during this period are already over $3.7 trillion, and FY 2022 isn’t over yet. In other words, the Biden administration exceeded the baseline estimates by more than $400 billion.
The reality of the nation’s fiscal condition discredits Biden’s deficit-reduction boast. Deficits are trillions of dollars larger due to enacted legislation and executive actions of the Biden administration.
Read the whole thing here.