Earlier this week, the lying demented fraud currently occupying the Oval Office proved the old saw about a stopped watch being right twice a day. This time, Biden admitted that he’s added more to the debt than any other president in U.S. history.
“No President added more to the debt in 4 years than my President,” Biden said before trying to walk it back. “I misspoke, 25% of our country’s entire debt,” he quickly stated.
Here’s video:
BIDEN: "No President added more to the debt in 4 years than my President… I misspoke, 25% of our country's entire debt." 🤣 🤣 🤣 Finally telling the truth! pic.twitter.com/T0pMMsdJI3
— Matt Clark (@MattClarkReport) January 26, 2023
Response to this little gem was pretty much what you’d expect:
He did it in record time as well, 2 years.
— Cali girl 🇺🇸 (@Rightisred) January 29, 2023
— Mikel Morgan (@CptnMorgan) January 27, 2023
Democrats don’t care. They don’t even understand it. They just vote for anybody with a (D) next to their name.
— tdog66 (@tdog6673) January 29, 2023
First truth ever by this fraud.
— baddad_007 (@007_baddad) January 29, 2023
There was one other time — before he was installed, he admitted having put together what he called, “the most extensive and and inclusive voter fraud organization in the history of American politics.”
CNS News reported:
…If you scroll down to pages 142 and 143 of Biden’s proposal — its last two pages — you will discover Table S-10: “Federal Government Financing and Debt.”
This table tells a different story than Biden himself does.
It includes a subsection that carries the headline: “Debt Outstanding, End of Year.” It shows what the Biden administration predicts the total federal debt would be — under the terms of Biden’s budget proposal — at the end of each fiscal year through 2032.
At the end of fiscal 2021, it indicates, the total federal debt was $28.386 trillion. At the end of fiscal 2032, it predicts, the total federal debt will be $44.797 trillion.
That means that under Biden’s budget plan the federal debt would increase by $16.411 trillion — or 57.8% — in the 11 fiscal years from when he first took office in fiscal 2021 through fiscal 2032.
“That is an average increase of $1.49 trillion per year,” Terence P. Jeffrey added.
He concluded:
“I am writing to inform you that beginning on Thursday, January 19, 2023, the outstanding debt of the United States is projected to reach the statutory limit,” said Yellen. “Once the limit is reached, Treasury will need to start taking certain extraordinary measures to prevent the United States from defaulting on its obligations.”
“It is therefore critical that Congress act in a timely manner to increase or suspend the debt limit,” she said.
Yellen made no suggestion that Congress should also start cutting federal spending so the Treasury does not have to borrow as much to cover that spending.
Perhaps she just wanted to be consistent with Biden’s budget proposal. If Congress were to establish a new debt limit that covered all of the borrowing Biden’s budget proposal envisions the government will undertake in the coming decade, it would need to increase that limit by $13.433 trillion.
That is more debt than the federal government accumulated in the 233 years from 1776 through 2009.
Wait… Let that last line sink in: “That is more debt than the federal government accumulated in the 233 years from 1776 through 2009.”
And it’s all on Biden.
H/T Gateway Pundit
Related:
- Paul: Debt Ceiling Hysteria and Hypocrisy
- Dems Demand GOP Fix Debt Ceiling Problem They Didn’t Address
- New House GOP Majority Pressures Red State Senate Democrats On Debt Ceiling
- White House Demands Rubber Stamp For Increasing $31.4 Trillion Debt Ceiling As House Republicans Demand Spending Cuts
- Here We Go Again! Yellen Pushes A Debt-Limit Crisis
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