Categories
Biden Cartel Commentary Economy Government Overreach Links from other news sources.

I thought we had the inflation reduction act? U.S. Budget Deficit Explodes 23% Higher to $1.7 Trillion.

WASHINGTON, DC - MARCH 03: U.S. Secretary of the Treasury Janet Yellen listens as U.S. President Joe Biden speaks to reporters before the start of a cabinet meeting in the Cabinet Room of the White House on March 03, 2022 in Washington, DC. Earlier today, President Biden spoke on a secure video call with fellow Quad Leaders, Prime Minister Scott Morrison of Australia, Prime Minister Narendra Modi of India, and Prime Minister Kishida Fumio of Japan, to discuss the war in Ukraine. (Photo by Anna Moneymaker/Getty Images)

Visits: 13

I thought we had the inflation reduction act? U.S. Budget Deficit Explodes 23% Higher to $1.7 Trillion. Who can forget when Biden said he cut the deficit by 1.7 trillion? But all the fact checkers called that a falsehood because that was spending that expired from COVID.

Well the deficit went up another 320 billion. Grand total of 1.7 trillion. I thought we had a Deficit Reduction Act? “The U.S. economy remains resilient despite global headwinds,” Treasury Secretary Janet Yellen said. How funny is that?

While the consensus among economists no longer calls for a recession in the near term, a recent Wall Street Journal poll showed that the economy is expected to grow slightly less than one percent next year. The Conference Board said this week that it still expects the economy to fall into a “shallow recession” next year.

Loading

139
Post Views: 258

By MC

Master of Truth. A writer who has captured the imagination of many.

Verified by MonsterInsights