Joe Biden says a lot of crazy things, but perhaps the craziest is his claim that he’s lowered the U.S. deficit, which Stu Burguiere says “couldn’t be farther from the truth.”
Brian Riedl, senior fellow at the Manhattan Institute and an expert in budgeting, taxes, and economic policy, confirms that Biden is indeed lying.
“Last year, the deficit doubled from $1 trillion to $2 trillion – the largest share of the economy in American history, outside of wars and recession,” he tells Stu, adding that despite what Biden says, “the deficit is growing enormously.”
“The president has already added $5 trillion to 10-year deficits if you add up all the legislation he's signed. The fact that he claims he's reducing deficits is completely and mathematically absurd,” he continues.