White House Gets Fact-Checked By Twitter Users After Claim About How Admin Reduced The Deficit

White House Gets Fact-Checked By Twitter Users After Claim About How Admin Reduced The Deficit


Twitter users fact-checked a White House post about the Biden administration’s purportedly hawkish fiscal behavior.

The White House claimed that the administration “lowered the deficit with the single largest one-year reduction in American history.” However, a user-generated fact check noted that stimulus packages approved in response to the lockdown-induced recession inflated budget deficits for two fiscal years, producing a significant decline in fiscal year 2022.

The fact check, which cited data from the Treasury Department, also noted that the most recent budget deficit is still the fourth largest in history and is 41% larger than the shortfall witnessed in fiscal year 2019. The federal deficit surged from nearly $1 trillion in 2019 to $3.1 trillion in 2020, according to data from the Office of Management and Budget,

Trending: Mysterious 80-Foot Structure Unearthed By Hurricanes Near Famous Florida Beach

Continue reading


 

Join the conversation!

Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!

Daily Truth Report • DailyTruthReport.com
Thanks for sharing!
Send this to a friend