After President Biden’s award-winning SOTU speech on March 7, 2024, it was time, on Monday 11, 2024, for the President’s FY2025 Budget, which is now up and running on usgovernmentspending.com. Hey, nothing to see here. Deficits of $1.5 trillion as far as the eye can see:
President Biden says that he’s cut the deficit by a trillion dollars. Yeah, Big Guy, and I got a bridge…
It all adds up to sharply higher federal spending:
And how about that Gross Federal Debt, budgeted at $44 trillion by 2029:
How can this be? In The Budget Message of the President he proudly tells us that the budget is “CUTTING THE DEFICIT BY EXPANDING AMERICA’S PRODUCTIVE CAPACITY AND PROMOTING TAX FAIRNESS”.
I don’t know about you, but I say that $1.5 trillion deficits as far as the eye can see is not “cutting.” Okay, you “fact checkers,” your turn. Hello “fact checkers!” Anybody there?
For a start the president states that the budget
...would cut wasteful subsidies to Big Oil and other special interests; and it would introduce a minimum tax on billionaires, which alone would raise $500 billion for the American people.
Don’t worry. There’s more. The budget “Ensures Corporations Pay Their Fair Share” and “Denies........