Actually, Joe Biden has doubled the deficit

September 7, 2023 By Chris Talgo

Over the past two years, President Joe Biden has made numerous statements suggesting that he is a deficit hawk on par with past presidents such as Calvin Coolidge or Andrew Jackson. For instance, earlier this year, Biden claimed, “In my first two years, I reduced the debt by $1.7 trillion. No President has ever done that.” In reality, Biden was half right. No president, including Biden, has ever done anything close to reducing the national debt by such a gigantic amount in his first two years or any two-year period, for that matter. Here are the facts. When Biden entered the White House, the national debt stood at $27.7 trillion. Two years later, the national debt stands at $32.9 trillion. Using simple arithmetic, the national debt has increased by $5.2 trillion under Biden. That is a big difference from a $1.7 trillion reduction. Over the past two years, President Joe Biden has made numerous statements suggesting that he is a deficit hawk on par with past presidents such as Calvin Coolidge or Andrew Jackson. ...........To Read More