Biden given "Bottomless Pinochios" for repeatedly lying about lowering the deficit.

[Nostra]

Learn the difference between the deficit and the debt and get back to me.

I love it how you hard core Trumpyfans no longer even try to defend his sorry butt, but just whine whenever facts of what he did as president are brought up.

I know the difference, Simp.

Get a new schtick.

 

[Nostra]

Where were you Trump asslickers when the orange shitface blew up the defecit? Your ranting & raving about Biden is really something to behold.

Seek help soon.

 

[Nostra]

Why do the Trumpyfans lie about President Biden and ignore the truth about the Trumpybear?

Get a new schtick.

 

[RoshawnMarkwees]

Deficit and debt are different. Deficit spending increases debt. You can decrease deficit but you still increase debt. You’re spending more than you make. You can reduce deficit but you’re still spending more than you make. Try it at home and see how that works out for you.
This is just another way America’s democrat Pravda hoodwinks stupid democrats.
Democrat voters are retarded baboon sheep.

 

[Lesh]

Hey assholes. Answer these two questions.

What was the deficit in 2020?

What is the deficits now?

They won’t

 

[Synthaholic]

Where were you Trump asslickers when the orange shitface blew up the defecit? Your ranting & raving about Biden is really something to behold.

Now they pretend to care about the debt and deficit and act horrified about lying, even though Joseph Biden (God's choice) never lied.

When it comes to the Trump Cult, you can't fix stupid.

 

[marvin martian]

Now they pretend to care about the debt and deficit and act horrified about lying, even though Joseph Biden (God's choice) never lied.

When it comes to the Trump Cult, you can't fix stupid.

^^^Speaking of bottomless Pinocchios, here's the cult's village idiot.

 

[Billiejeens]

Deficit and debt are different. Deficit spending increases debt. You can decrease deficit but you still increase debt. You’re spending more than you make. You can reduce deficit but you’re still spending more than you make. Try it at home and see how that works out for you.
This is just another way America’s democrat Pravda hoodwinks stupid democrats.
Democrat voters are retarded baboon sheep.

Si'

 

[BlindBoo]

I know the difference, Simp.

Get a new schtick.

You've already proven you don't know the difference. Can't put that Gene back in the bottle.

 

[BlindBoo]

Deficit and debt are different. Deficit spending increases debt. You can decrease deficit but you still increase debt. You’re spending more than you make. You can reduce deficit but you’re still spending more than you make. Try it at home and see how that works out for you.
This is just another way America’s democrat Pravda hoodwinks stupid democrats.
Democrat voters are retarded baboon sheep.

Which is why we need a near balanced budget Amendment with a plan to significantly pay down the National debt. Legislators will never go for limiting the piggy bank, which is why we also need to term limit the MFers.

 

[Faun]

Biden spews this lie constantly that he has lowered the deficit by $1.7 trillion. He has not. In fact, his spending has increased the debt by $850 billion more than expected.

Can't wait for the spin on this one....




President Biden is off to repeating – once again – what has been labeled a "highly misleading" claim about the federal budget deficit.

During a Thursday speech in West Columbia, South Carolina touting what he says is the success of his administration's economic policies, Biden claimed he had reduced the federal government's budget deficit by $1.7 trillion since taking office in January 2021.

"And by the way, parenthetically, I want you to hear about the deficit. I cut the deficit $1.7 trillion in two years. Nobody's ever done that – cut the debt $1.7 [trillion]," Biden told the crowd gathered at manufacturing company Flex LTD.

Biden has made the same claim on numerous occasions and, in April, earned a "Bottomless Pinocchio" rating for it from The Washington Post's liberal chief fact-checker, Glenn Kessler.

Kessler, who called the claim "highly misleading," previously gave Biden "three Pinocchios" when he made a different version of the claim in September of last year.

"He keeps saying it over and over," Kessler wrote in April. "By our count, at least 30 times since June he’s taken credit for reducing the budget deficit by $1.7 trillion."

Kessler wrote that the additional pandemic relief funds enacted by Biden, as well as other new policies, caused a "more modest decline in the deficit" than was projected for 2021 and 2022.

"All told, in those two years Biden increased the national debt about $850 billion more than originally projected," he said.


"In other words, again the data shows the deficit picture has worsened under Biden," he added.

Biden repeats 'misleading' claim he cut America's budget deficit by $1.7 trillion: 'Bottomless Pinocchios'

President Biden repeated his "highly misleading" claim that he reduced the federal budget deficit by $1.7 trillion since taking office.

www.foxnews.com

FY2020: $4,225,989,441,181
FY2022: $2,499,993,043,258

Difference: $1,725,996,397,923

Debt to the Penny | U.S. Treasury Fiscal Data

Debt to the Penny is the total debt of the U.S. government and is reported daily. It is made up of intragovernmental holdings and debt held by the public.

fiscaldata.treasury.gov

 

[jknowgood]

When does it's shift start?

Just stating the fact rightwinger waits for any opportunity to polish Biden's knob.

 

[Flash]

Biden spews this lie constantly that he has lowered the deficit by $1.7 trillion. He has not. In fact, his spending has increased the debt by $850 billion more than expected.

Can't wait for the spin on this one....




President Biden is off to repeating – once again – what has been labeled a "highly misleading" claim about the federal budget deficit.

During a Thursday speech in West Columbia, South Carolina touting what he says is the success of his administration's economic policies, Biden claimed he had reduced the federal government's budget deficit by $1.7 trillion since taking office in January 2021.

"And by the way, parenthetically, I want you to hear about the deficit. I cut the deficit $1.7 trillion in two years. Nobody's ever done that – cut the debt $1.7 [trillion]," Biden told the crowd gathered at manufacturing company Flex LTD.

Biden has made the same claim on numerous occasions and, in April, earned a "Bottomless Pinocchio" rating for it from The Washington Post's liberal chief fact-checker, Glenn Kessler.

Kessler, who called the claim "highly misleading," previously gave Biden "three Pinocchios" when he made a different version of the claim in September of last year.

"He keeps saying it over and over," Kessler wrote in April. "By our count, at least 30 times since June he’s taken credit for reducing the budget deficit by $1.7 trillion."

Kessler wrote that the additional pandemic relief funds enacted by Biden, as well as other new policies, caused a "more modest decline in the deficit" than was projected for 2021 and 2022.

"All told, in those two years Biden increased the national debt about $850 billion more than originally projected," he said.


"In other words, again the data shows the deficit picture has worsened under Biden," he added.

Biden repeats 'misleading' claim he cut America's budget deficit by $1.7 trillion: 'Bottomless Pinocchios'

President Biden repeated his "highly misleading" claim that he reduced the federal budget deficit by $1.7 trillion since taking office.

www.foxnews.com

But "The Banker" believes him and will even start threads on this forum praising Potatohead. LOL!

 

[Winston]

They threw in debt to show his massive spending has added more to the debt than projected, which means he has actually run bigger deficits than we would have had without his added spending.

In short, he is a lying sack. But his Cult followers buy anything he says and clap like trained seals.

What a bunch of horseshit. Is the deficit smaller than it was under Trump? Yep. Did Biden cut the deficit by 1.7 trillion dollars over the last two years. Yep.

I mean we have been down this road before. This ain't rocket science. If the deficit was X, and now it is Y, and Y is less than X, then the DEFICIT WAS FAWKING REDUCED. I mean this is just STUPID,

Kessler wrote that the additional pandemic relief funds enacted by Biden, as well as other new policies, caused a "more modest decline in the deficit" than was projected for 2021 and 2022.

"Projected", who gives a flying fawk about "projections". Can you spend projected money? No.

The Accuracy of CBO’s Budget Projections for Fiscal Year 2021

Notes Notes Unless this report indicates otherwise, all years referred to are federal fiscal years, which run from October 1 to September 30 and are designated by the calendar year in which they end. Numbers in the text and tables may not add up to totals because of rounding.

www.cbo.gov

The Accuracy of CBO’s Budget Projections for Fiscal Year 2022

In its July 2021 projections for fiscal year 2022, CBO underestimated revenues by 10 percent and outlays by 5 percent. CBO’s projection of the federal budget deficit for 2022 was more than the actual amount by 0.8 percent of GDP.

www.cbo.gov

From the first link,

• Revenues. CBO’s projection of $3.43 trillion for federal revenues in 2021 was too low—by $614 billion, or 15 percent. That difference was three times the mean absolute error of about 5 percent in revenue projections made for the years from 1983 to 2020.5
• Outlays. CBO’s projection of $7.07 trillion for federal outlays in 2021 was too high—by $250 billion, or 4 percent. That difference of 4 percent was larger than the mean absolute error of 2 percent in outlay projections made for the years from 1993 to 2020.
• Deficit. The differences in revenue and outlay projections resulted in a deficit projection for 2021 that was $864 billion more than the actual amount: $3.64 trillion rather than $2.78 trillion.6 That difference was equal to 3.9 percent of gross domestic product (GDP). By comparison, the mean absolute error in deficit projections reported for 1985 to 2020 equaled 1.0 percent of GDP.

From the second link

• Revenues. CBO’s projection of $4.40 trillion for federal revenues in 2022 was too low—by $497 billion, or 10 percent. That difference was twice the average absolute error of about 5 percent in CBO’s revenue projections for 1983 through 2021. The largest error in projections of revenues, accounting for about 60 percent of the total error in revenue projections, was an underestimate of individual income taxes.
• Outlays. CBO’s projection of $5.60 trillion for federal outlays in 2022 was also too low—by $303 billion, or 5 percent. That difference was larger than the average absolute error of 2 percent in outlay projections for 1993 through 2021. An underestimate of net outlays for interest, due almost entirely to higher-than-anticipated inflation and interest rates, accounted for slightly more than half of that difference.
• Deficit. The differences in revenue and outlay projections resulted in a deficit projection for 2022 that was $194 billion more than the actual amount: $1.20 trillion rather than $1.00 trillion. That difference was equal to 0.8 percent of gross domestic product (GDP). By comparison, the average absolute error in deficit projections reported for 1985 through 2021 equaled 1.1 percent of GDP.

You want me to pull out the biggest takeaway here,

An underestimate of net outlays for interest, due almost entirely to higher-than-anticipated inflation and interest rates, accounted for slightly more than half of that difference.

2021 was a big win for Biden. We had more income, and spent less, than projected, to the tune of almost a TRILLION dollars. That is HUGE, that is almost a trillion dollars THAT WE CAN SPEND. And the miss by the CBO was historical, like over three times the average. That is what is called "exceeding expectations". And 2022, we also had more income than was "projected", but spending was higher too, mostly because of INTEREST on the debt that Trump left us with. Can you say "Trump tax cuts"?

 

[Arlette]

Biden spews this lie constantly that he has lowered the deficit by $1.7 trillion. He has not. In fact, his spending has increased the debt by $850 billion more than expected.

Can't wait for the spin on this one....




President Biden is off to repeating – once again – what has been labeled a "highly misleading" claim about the federal budget deficit.

During a Thursday speech in West Columbia, South Carolina touting what he says is the success of his administration's economic policies, Biden claimed he had reduced the federal government's budget deficit by $1.7 trillion since taking office in January 2021.

"And by the way, parenthetically, I want you to hear about the deficit. I cut the deficit $1.7 trillion in two years. Nobody's ever done that – cut the debt $1.7 [trillion]," Biden told the crowd gathered at manufacturing company Flex LTD.

Biden has made the same claim on numerous occasions and, in April, earned a "Bottomless Pinocchio" rating for it from The Washington Post's liberal chief fact-checker, Glenn Kessler.

Kessler, who called the claim "highly misleading," previously gave Biden "three Pinocchios" when he made a different version of the claim in September of last year.

"He keeps saying it over and over," Kessler wrote in April. "By our count, at least 30 times since June he’s taken credit for reducing the budget deficit by $1.7 trillion."

Kessler wrote that the additional pandemic relief funds enacted by Biden, as well as other new policies, caused a "more modest decline in the deficit" than was projected for 2021 and 2022.

"All told, in those two years Biden increased the national debt about $850 billion more than originally projected," he said.


"In other words, again the data shows the deficit picture has worsened under Biden," he added.

Biden repeats 'misleading' claim he cut America's budget deficit by $1.7 trillion: 'Bottomless Pinocchios'

President Biden repeated his "highly misleading" claim that he reduced the federal budget deficit by $1.7 trillion since taking office.

www.foxnews.com

Biden is gonna run on his economic record and there isn't a damn thing the conholes can do about it

 

[Nostra]

You've already proven you don't know the difference. Can't put that Gene back in the bottle.

Where? Quote me, Simp.

 

[Winston]

Now they pretend to care about the debt and deficit and act horrified about lying, even though Joseph Biden (God's choice) never lied.

When it comes to the Trump Cult, you can't fix stupid.

I agree, you can't fix stupid. And I have raised six kids, quite successfully I might add. Two words were banned from the household, "stupid" and "shut-up", and to this day they still adhere to those rules.

But in this case, "stupid" really hits the nail on the head. The MAGA idiots are so damn intent on confirming their bias that they will fall for any piece of horseshit, like the FOX article in the OP, that comes along.

 

[Nostra]

FY2020: $4,225,989,441,181
FY2022: $2,499,993,043,258

Difference: $1,725,996,397,923

Debt to the Penny | U.S. Treasury Fiscal Data

Debt to the Penny is the total debt of the U.S. government and is reported daily. It is made up of intragovernmental holdings and debt held by the public.

fiscaldata.treasury.gov

See the OP, Simp. Tater has added $850 billion more to the debt thru his deficits than if he did nothing.

And do you really think the 2020 deficit wasn’t an aberration due to the Fauci flu?

 

[Rawley]

Biden spews this lie constantly that he has lowered the deficit by $1.7 trillion. He has not. In fact, his spending has increased the debt by $850 billion more than expected.

Can't wait for the spin on this one....




President Biden is off to repeating – once again – what has been labeled a "highly misleading" claim about the federal budget deficit.

During a Thursday speech in West Columbia, South Carolina touting what he says is the success of his administration's economic policies, Biden claimed he had reduced the federal government's budget deficit by $1.7 trillion since taking office in January 2021.

"And by the way, parenthetically, I want you to hear about the deficit. I cut the deficit $1.7 trillion in two years. Nobody's ever done that – cut the debt $1.7 [trillion]," Biden told the crowd gathered at manufacturing company Flex LTD.

Biden has made the same claim on numerous occasions and, in April, earned a "Bottomless Pinocchio" rating for it from The Washington Post's liberal chief fact-checker, Glenn Kessler.

Kessler, who called the claim "highly misleading," previously gave Biden "three Pinocchios" when he made a different version of the claim in September of last year.

"He keeps saying it over and over," Kessler wrote in April. "By our count, at least 30 times since June he’s taken credit for reducing the budget deficit by $1.7 trillion."

Kessler wrote that the additional pandemic relief funds enacted by Biden, as well as other new policies, caused a "more modest decline in the deficit" than was projected for 2021 and 2022.

"All told, in those two years Biden increased the national debt about $850 billion more than originally projected," he said.


"In other words, again the data shows the deficit picture has worsened under Biden," he added.

Biden repeats 'misleading' claim he cut America's budget deficit by $1.7 trillion: 'Bottomless Pinocchios'

President Biden repeated his "highly misleading" claim that he reduced the federal budget deficit by $1.7 trillion since taking office.

www.foxnews.com

Seriously, this ass-wipe gives new meaning to the old saw - How do you know he's lying - his lips are moving.

 

[Billiejeens]

Biden is gonna run on his economic record and there isn't a damn thing the conholes can do about it

Only your Cult will fall for that.

Real world - The economy/financial situation is a disaster.