Comments by "Brian Cleveland" (@briancleveland6115) on "Forbes Breaking News"
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@FTFFF Meanwhile, the President has dedicated his entire tenure in office thus far to pushing massive spending increases for far-left policies such as $400 billion in welfare for wealthy environmentalists and big corporations, $500 billion slush fund to states and localities packed with waste, more than $330 billion canceling student loans for wealthy borrowers, and $80 billion to double the size of the IRS. President Biden’s track record clearly shows that his Administration is focused on prioritizing reckless spending while ignoring his Administration’s inflation crisis and America’s growing fiscal crisis.
“Washington Democrats have embarked on a massive, reckless spending spree that has driven consumer prices up 13.7 percent since President Biden took office and landed American families in an economic recession. After 19 months of this Administration, it’s clear that President Biden is all talk and no action on deficit reduction,” said House Budget Committee Republican Leader Jason Smith (MO-08). “Just as a rooster taking credit for the sunrise, President Biden would have people believe deficits are coming down because he is cutting spending. But the facts tell a different story. Claiming to be reducing the deficit while enacting policies that have added nearly $10 trillion in new spending is an insult to the intelligence of the American people. Last year, under President Biden’s failed leadership, the deficit reached $2.78 trillion – $517 billion above what CBO said it otherwise should have been – because of his American Rescue Plan, which sparked the highest inflation in forty years and pushed government spending roughly 10 percentage points higher than its historical average, up to 30.5 percent of GDP. Meanwhile, under President Biden’s FY23 budget, deficits for the next decade would average approximately $1.6 trillion – $600 billion higher than the last decade.
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