President Joe Biden brags that the budget he released on Monday would cut the deficit by $3 trillion, even while offering truckloads of new goodies to Americans.
We dug out Biden's first budget - released in early 2021 - to see what the administration said would happen if Biden did nothing.
Then we compared that with the latest "Baseline" projection in Biden's new budget - which assumes that all of Biden's current policies remain in effect for the foreseeable future.
What did we find? In his latest budget, Biden says that deficits over the next five years will total $9 trillion.
Revenues under the Biden baseline are expected to come in $2.6 trillion higher than under the Trump baseline.
Biden added $5.5 trillion to Trump's spending "Baseline." Biden has increased the size of government across the board.
Biden's first budget, issued soon after he took office, projected 4.3% growth in real GDP in 2022.
https://issuesinsights.com/2024/03/12/bidens-budget-proves-what-an-epic-disaster-hes-been/
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