Biden and the deficit.

[TheGunner]

Higher annual deficits than under Trump with exception of the pandemic. Oh, and higher inflation from increased spending from (lies) the inflation “reduction” act.

Even at its reduced levels, the deficit remains higher under Biden than it was pre-pandemic. The deficit in 2022 and 2023 under Biden was higher than in each of Trump’s first three years, partly because of bills such as the 2021 American Rescue Plan.

The same pattern emerges when the deficit is compared with the U.S. gross domestic product, a common measure of the overall size of the economy. The deficit peaked at 14.7% of gross domestic product in 2020 and fell to 5.4% in 2022. That was still bigger than the highest pre-pandemic percentage under Trump, which was 4.6%

Tracking the federal deficit under Joe Biden

President Joe Biden has often touted that his administration has cut the federal deficit, sometimes communicating that r

www.politifact.com

Higher spending = larger deficits

 

[SIBoiler2]

Which is greater, the economic deficit or the moral deficit under the Biden administration?

 

[TwinDegrees2]

Which is greater, the economic deficit or the moral deficit under the Biden administration?

HIs morality helps escalate the stalled economy.