Biden touts falling deficits while Congress prepares more spending

Biden touts falling deficits while Congress prepares more spending


For all of President Joe Biden’s boasting about the deficit reduction that has occurred on his watch, his administration and its allies in Congress are pushing dramatic increases in government spending, even as inflation continues to climb.

“We’re on track to cut the federal deficit by another — another — $1.5 trillion by the end of this fiscal year, the biggest decline in a single year ever in American history,” Biden bragged from the White House last month.

The falling deficit had become a feature of Biden’s economic messaging by this spring, as concerns about the skyrocketing cost of living were beginning to translate into serious doubts, even among some Democrats, about the administration’s ability to manage the economy. Biden presented his deficit

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