Daniel Dale

@ddale8 ↗

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Last Checked June 29, 2022

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Mon May 09 12:13:10 +0000 2022

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Daniel Dale @ddale8

Biden’s “I reduced the federal deficit” boast? The deficit has fallen - but an expert at Moody’s, economics firm Biden likes to cite, says the Biden administration’s actions have clearly made the deficit *higher* than it otherwise would be: https://t.co/V1B7OxBepW — PolitiTweet.org

Posted May 9, 2022

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Daniel Dale @ddale8

The deficit has fallen under Biden - but by much less than it had been projected to fall at the time he took office. Reality check on Biden’s “I reduced the federal deficit” boast, which one proponent of deficit reduction calls “almost bizarro world”: https://t.co/V1B7OxBepW — PolitiTweet.org

Posted May 9, 2022

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Daniel Dale @ddale8

Basically, the deficit was projected to plummet in 2021 because short-term pandemic spending was expiring. Then Biden and Congress added substantial extra spending, so the deficit has still fallen, but by significantly less: https://t.co/V1B7Oxj5bO — PolitiTweet.org

Posted May 9, 2022