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  • Budget Deficit FELL Under Biden

    From bruce bowser@21:1/5 to All on Wed Sep 13 12:01:03 2023
    "The U.S. budget deficit was sliced in half for fiscal 2022, the biggest drop in history following two years of huge Covid-related spending.

    Though still large in historical terms, the budget shortfall declined to $1.375 trillion, compared to the 2021 deficit of $2.776 trillion.

    The decline would have been steeper had it not been for the Biden administration’s student loan forgiveness program."

    U.S. budget deficit cut in half for biggest decrease ever amid Covid spending declines
    CNBC - Oct 21, 2022
    -- https://www.cnbc.com/2022/10/21/us-budget-deficit-cut-in-half-for-biggest-decrease-ever-amid-covid-spending-declines.html

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From Tommy@21:1/5 to bruce bowser on Wed Sep 13 17:27:12 2023
    On Wednesday, September 13, 2023 at 12:01:06 PM UTC-7, bruce bowser wrote:
    "The U.S. budget deficit was sliced in half for fiscal 2022, the biggest drop in history following two years of huge Covid-related spending.

    Though still large in historical terms, the budget shortfall declined to $1.375 trillion, compared to the 2021 deficit of $2.776 trillion.

    The decline would have been steeper had it not been for the Biden administration’s student loan forgiveness program."

    U.S. budget deficit cut in half for biggest decrease ever amid Covid spending declines
    CNBC - Oct 21, 2022
    -- https://www.cnbc.com/2022/10/21/us-budget-deficit-cut-in-half-for-biggest-decrease-ever-amid-covid-spending-declines.html

    You said it all: the senile pervert did NOTHING to cause the deficit to drop - it was mandated to happen. So, he gets ZERO credit for the drop, and, in fact, tried to RAISE it thru the illegal student loan bribery plan.

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From bruce bowser@21:1/5 to Tommy on Thu Sep 14 10:52:30 2023
    On Wednesday, September 13, 2023 at 8:27:14 PM UTC-4, Tommy wrote:
    On Wednesday, September 13, 2023 at 12:01:06 PM UTC-7, bruce bowser wrote:
    "The U.S. budget deficit was sliced in half for fiscal 2022, the biggest drop in history following two years of huge Covid-related spending.

    Though still large in historical terms, the budget shortfall declined to $1.375 trillion, compared to the 2021 deficit of $2.776 trillion.

    The decline would have been steeper had it not been for the Biden administration’s student loan forgiveness program."

    U.S. budget deficit cut in half for biggest decrease ever amid Covid spending declines
    CNBC - Oct 21, 2022
    -- https://www.cnbc.com/2022/10/21/us-budget-deficit-cut-in-half-for-biggest-decrease-ever-amid-covid-spending-declines.html
    You said it all: the senile pervert did NOTHING to cause the deficit to drop - it was
    mandated to happen. So, he gets ZERO credit for the drop, and, in fact, tried to RAISE it
    thru the illegal student loan bribery plan.

    You miss the point.
    Did unemployment and the budget deficit rise or fall under Biden?

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)