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2022-10-25 Home Front: Politix

How Biden has spun the $1.4 trillion reduction in the deficit while he has INCREASED spending: 'Historic' drop he says is proof his policies are working has been sparked by the end COVID relief

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Posted by Skidmark 2022-10-25 00:00|| || Front Page|| [5 views ] Top

#1 I feel like we collectively landed on Park Place and Boardwalk and are paying the hotel rate for both.

Posted by Super Hose 2022-10-25 10:25|| 2022-10-25 10:25|| Front Page Top

#2 Deficit in 2019 was about $1T

Deficit in 2020 was about $3T ($2T for CARES Act signed by Trump)

Deficit in 2021 was about $2.8 T (about $2T for American Rescue Plan - Biden)

Deficit in 2022 is not really known but almost certainly over $1T with at least $10B for the CHIPS act, at least $20B for Inflation Reduction Act and, if he gets away with it, about $40B for Student Debt Bailout in that FY but with each of these comes huge outlays in future years to 2040)

Posted by Lord Garth 2022-10-25 12:44|| 2022-10-25 12:44|| Front Page Top

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