We saw a classic case of projection in Thursday’s presidential debate, when President Biden — overseeing annual budget deficits of $2 trillion — asserted that his predecessor, Donald Trump, added m…
nypost.com
"Biden’s other big lie, backed by the CRFB analysis, is that
extending Trump’s tax reform will drown the economy in debt.
Yet federal tax revenues have
increased since that tax reform was enacted — and federal revenues as a share of GDP have not fallen.
All of the increase in today’s debt has been due to massive, out-of-control federal spending — by both parties.
Trump spent and borrowed too much, full stop.
But with a debt headed to $50 trillion if reelected and a political agenda that stifles economic growth, Biden has set America on an unsustainable fiscal path that will lead to financial oblivion."