You are right to defend the facts when our MAGA Trump Republicans lay all the blame on “demonazis” for everything from budget deficits to inflation. You are right on the deficits going down the first two years of Biden, but the CNN article cited by
excalibur in comment #36 is correct in explaining the main reason this is so. That article also rightly pointed out that the new corporate taxes and other initiatives to make the wealthy pay more — opposed by Repubs and still far to low — will starting this year help reduce the deficit.
Also, on Fed QE policy: Trump tried to push the Fed to adopt “zero interest rate policy” to further goose the economy — which fortunately the Fed rejected. This was the fundamental loose credit and money printing error adopted after the 2008 fiscal crisis. The eventual raising of rates was a Fed decision, which Biden’s administration did not implement but wisely accepted.
The trigger for the new wave of inflation (and the fight against it) was not merely the Covid spending under both Trump & Biden, but the inevitable result of Covid logistic and production problems, nee tariffs imposed under Trump and continued by Biden, new sanctions against China and Russia, New Cold War “de risking” economic restructuring and restoring, and of course the war in Europe set off by Putin’s bloody invasion of sovereign Ukraine.
I appreciatiare you trying to counter the mad idiocy of Republican partisan demagogues on economic issues, but you do often simplify, misrepresent, or ignore all the complexities involved.
