The Fiscal Shell Game

Last week, President Biden submitted a budget to Congress for fiscal year 2024 that White House spokesperson, Karine Jean-Pierre claimed will cut the deficit by $3 trillion over the next 10 years. For 2 ½ years, Joe Biden and the Democrats could not have cared less about the deficit and national debt. Biden signed three multi-trillion-dollar wasteful spending bills into law in his first two years in office – $1.9 trillion American Rescue Plan Act of 2021, $1.2 trillion Infrastructure Investment and Jobs Act of 2021, and the $739 billion Inflation Reduction Act of 2022. In less than 2years, Biden added almost $4 trillion of new government spending, ballooned the national debt to over $30 trillion, and drove inflation to a 40 year high. He spent as if there were no tomorrow. It was probably the most irresponsible amount of wasteful spending in United States history. And now as the 2024 election cycle is within a year, Joe Biden is claiming to be a budget hawk. Do not believe him. It is like everything else that he says – a lie. It’s a sham, a charade, a shell game.

Democrats are very adept at mixing words to confuse people so they can make claims that are misleading. They interchange the terms, “the deficit” and “the debt” all the time to serve their purposes. The “deficit” is the yearly shortfall between the amount of money we spend and the amount of money we take it. The “debt” is the accumulated yearly deficits over the history of our country. They are two entirely different things, but the Democrats continually say “deficit” hoping that the average citizen will think of our $30+ trillion “debt”. When Karine Jean-Pierre said Biden’s budget cuts the projected deficits by $3 trillion, it does not reduce the $31.4 trillion national debt to $28.4 trillion. That’s what they want you to think. His budget claims to reduce the projected deficits by $3trillion over ten years, but unless he cuts the deficit to zero which his budget doesn’t come anywhere close to doing, the debt will increase dramatically.