Largest deficit reduction in history

[deminks]

Link to tweet

Media? crickets... and prairie dogs...

[uponit7771]

1. K&R, During Obama's booming economy in last 2 years there were nearly *ZERO* negative ...

... side effects and the M$M downplayed it with consummate caveats too.

Republicans don't care about deficits that are keeping US from going into high inflation so they need to focus on the negative Biden can't control like private corporations gas prices.

[Stuart G]

2. K & R!!! for Joe Biden! One of the very best!!!

[Binkie The Clown]

3. Sadly, Democrats don't know how to make hay when the sun is shining.

If that had happened when Trump was pres, we'd be hearing it about non-stop on every network, every day.

What is it about Democrats that they never publicize their accomplishments?

[msongs]

5. a unified message across the board? lol nt

[Fullduplexxx]

8. They dont have an outlet

[Fullduplexxx]

9. They dont have an outlet

[towerbum]

15. must have got trump's golfing bill's paid off ?

[Turbineguy]

4. Don't let the wingnuts know

They won't believe it anyway.

[karin_sj]

6. WTF!!???

They should be singing this from the rooftops!

And by "they," I mean Democrats & the media.

[Botany]

7. Best President of my lifetime. Damn socialist!

And he protected stuff like this too:

[TigressDem]

10. HOW do you like Biden NOW???? BOOM! Drop the mic 1.6T deficit REDUCTION

I'm just saying.

Giving poor people money is the way to stimulate the economy.

They HAVE to pay their rent or they are homeless.

They have to buy gas to get to work to pay the bills so they have somewhere to sleep before they go back to work.

They buy FOOD or they starve.

Rich people get money and they have the luxury to "think about it" because their life does not depend on the next paycheck.

[MichMan]

11. When are we actually going to reduce the debt?

Good that it went down, but we are still borrowing to fund the country.

From the CBO report

"The deficit at this point last year was much larger because of spending in response to the coronavirus pandemic—mostly for the recovery rebates (also known as economic impact payments), unemployment compensation, pandemic relief through the Small Business Administration (SBA), and the Coronavirus Relief Fund—and because revenues were lower"

[TigressDem]

21. What part of 1.6 Trillion in Debt Reduction did you not understand?

BY putting money into the hands of people affected by Coronavirus, it KEPT the economy going. Put money back into our businesses that were struggling with hundreds of thousands of people getting sick and dying and the rest of us trying not to do the same.

When people have money to pay their rent, their landlords get paid and can pay their own bills in turn.

Our economy supposedly depends on things like Christmas spending, summer vacation traveling etc...

AND if people were NOT helped they would wind up on the system unable to meet any of their own needs.


So cheer up.

[MichMan]

23. It clearly states deficit reduction, not debt reduction in the OP

The deficit & the debt do not have the same meaning. People often misunderstand the difference in meanings.

The report referenced states that we borrowed less this last fiscal year than we did the previous year. That's a good trend. We are still borrowing more than we receive in revenues.

In order to reduce the debt, we would need to run a surplus, which we are not. The actual debt increased by approx. 1.5 trillion. It did not go down. The chart of the debt is in the link below

[link:https://www.treasurydirect.gov/govt/reports/pd/histdebt/histdebt_histo5.htm|

[TigressDem]

27. Got it.

So we really DO need to tax the wealthy to get ourselves out of this hole.

Because the only President in recent history to even get a surplus to work with was Clinton.

Rethugs won't spend money on programs that will actually fix any problems and they just keep giving any money we have back to the rich.

[farmbo]

12. Tomorrow's NYT headline: "Deficit Figures Spell Political Trouble for Biden"

Over & out...

[kairos12]

13. or..."Gas prices surge, deficit down as predicted."

[Lovie777]

14. I've read that inflation will be subsiding . . .

around the world including the USA.

[IronLionZion]

16. Free socialism money so nobody wants to work anymore

oh wait...

How about we use this to win more seats in November?

[Rebl2]

17. Won't

hear this on the national news of course.

[Ferrets are Cool]

18. Good news is NO news

As far as our media is concerned.

[lees1975]

19. The media isn't going to do this for us

people have to get in front of the camera and play the trumpets until they're tired of it. GOP does is constantly, Democrats need to go the same route.

And of course, a lot of it we have to do ourselves.

https://signalpress.blogspot.com/2022/06/lowest-unemployment-since-1969.html

[WarGamer]

20. History will look back at 2019 as the last year on record with a sub-Trillion dollar deficit.

I can't imagine it ever being slashed again.

Time for a tip of the hat to President Clinton... almost unbelievable today that he had the Federal gov't "in the black" for FOUR YEARS.

[MichMan]

25. Congress deserves most of the credit (or blame) for deficit spending

Not the president

[NoMoreRepugs]

22. Imagine if corporations and the Uber-wealthy paid their fair share.

Deficit reduction anyone??

[budkin]

24. BUT "BIDENFLATION!!!"

[MichMan]

26. Doesn't Congress bear more responsibility (or blame) for deficits than the president ?

Regardless of whether it is 2019, 2020, 2021, or any other year ?

The president can only pass spending and tax policy that they approve first. It isn't done by executive orders.

[newdayneeded]

28. Now force the mega rich

to pull their estimated 10 to 20 Trillion in offshore accounts back to us banks, and tax that at 10% and you'll double the deficit reduction.