gemini104104
Verified User
Of course, the media is farting anti Biden bullshit when it comes to inflation but leaving out the details of the economic failure on the domestic and global economy that tRump and his seditious and taxpayer pilfering conspires repukes of the gutter dumped on President Biden and the global markets to deal with, and no thanks to un-American swine who vote against humanity for a clump of repukes who would prefer they all drop dead after taking their money and their soul:
Washington (CNN)As the US economy gradually recovers from the coronavirus pandemic, prices are rising across the board with inflation exceeding the Federal Reserve's 2% target and reaching a 13-year high in June. Republicans have turned that jump in inflation into a political talking point, trying to place the blame on President Joe Biden and Democrats, and at times misrepresenting the current economic landscape in the process.
In mid-July, Minority Leader Rep. Kevin McCarthy tweeted, "Inflation is running rampant due in part to out-of-control spending from President Biden and Speaker Pelosi."
About two weeks later, the chair of the House Republican Conference, Rep. Elise Stefanik, went a step further in blaming Democrats, saying in a press conference that "inflation is skyrocketing because of Democrats reckless and wasteful spending" and "this rampant inflation is a result of Democrats reckless tax and spend policies."
Later that day, in an interview with Newsmax, Republican Sen. Ted Cruz suggested Republicans should not support Democrat-led initiatives that call for more spending and cited Biden's several trillion dollar proposed budget, claiming "when it comes to spending, spending trillions is what is driving inflation."
On Monday, Rep. Jim Jordan tweeted that Democrats "spend trillions of dollars. Then ignore inflation."
https://www.cnn.com/2021/08/06/politics/inflation-gop-fact-check/index.html
Donald Trump Built a National Debt So Big (Even Before the Pandemic) That It’ll Weigh Down the Economy for Years
https://www.propublica.org/article/national-debt-trump
Biden highlights deficit reduction, says U.S. will pay down national debt for first time in 6 years
Washington — President Biden highlighted deficit reduction in remarks Wednesday at the White House, noting that the government will pay down the national debt this quarter for the first time in six years.
Mr. Biden emphasized how strong job gains have increased total incomes and led to additional tax revenues that have improved the government's balance sheet.
Besides the quarterly reduction in the national debt, the Treasury Department estimates that this fiscal year's budget deficit will decline $1.5 trillion. That decrease marks an improvement from initial forecasts and would likely put the annual deficit below $1.3 trillion."
https://www.cbsnews.com/news/biden-deficit-national-debt-reduction/
Washington (CNN)As the US economy gradually recovers from the coronavirus pandemic, prices are rising across the board with inflation exceeding the Federal Reserve's 2% target and reaching a 13-year high in June. Republicans have turned that jump in inflation into a political talking point, trying to place the blame on President Joe Biden and Democrats, and at times misrepresenting the current economic landscape in the process.
In mid-July, Minority Leader Rep. Kevin McCarthy tweeted, "Inflation is running rampant due in part to out-of-control spending from President Biden and Speaker Pelosi."
About two weeks later, the chair of the House Republican Conference, Rep. Elise Stefanik, went a step further in blaming Democrats, saying in a press conference that "inflation is skyrocketing because of Democrats reckless and wasteful spending" and "this rampant inflation is a result of Democrats reckless tax and spend policies."
Later that day, in an interview with Newsmax, Republican Sen. Ted Cruz suggested Republicans should not support Democrat-led initiatives that call for more spending and cited Biden's several trillion dollar proposed budget, claiming "when it comes to spending, spending trillions is what is driving inflation."
On Monday, Rep. Jim Jordan tweeted that Democrats "spend trillions of dollars. Then ignore inflation."
https://www.cnn.com/2021/08/06/politics/inflation-gop-fact-check/index.html
Donald Trump Built a National Debt So Big (Even Before the Pandemic) That It’ll Weigh Down the Economy for Years
https://www.propublica.org/article/national-debt-trump
Biden highlights deficit reduction, says U.S. will pay down national debt for first time in 6 years
Washington — President Biden highlighted deficit reduction in remarks Wednesday at the White House, noting that the government will pay down the national debt this quarter for the first time in six years.
Mr. Biden emphasized how strong job gains have increased total incomes and led to additional tax revenues that have improved the government's balance sheet.
Besides the quarterly reduction in the national debt, the Treasury Department estimates that this fiscal year's budget deficit will decline $1.5 trillion. That decrease marks an improvement from initial forecasts and would likely put the annual deficit below $1.3 trillion."
https://www.cbsnews.com/news/biden-deficit-national-debt-reduction/
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