Politics

Moody’s Analytics Brutally Fact Checks Lying Joe Biden’s Lie that He ‘Reduced the Federal Deficit’

Among the many, many, many lies Joe Biden blurts out on a daily basis, the latest is the he has “reduced the federal deficit,” a claim that Moody Analytics calls blatantly false.

Biden delivered this flat-out BS on Friday when the latest jobs report came out.

The May jobs report showed that the economy is failing under Biden, but while talking of the “good news,” Biden delivered the whopper. It isn’t the first time, either.

“Let me remind you again: I reduced the federal deficit,” Biden said on Wednesday. “All the talk about the deficit from my Republican friends, I love it. I’ve reduced it $350 billion in my first year in office. And we’re on track to reduce it, by the end of September, by another 1 trillion, 500 billion dollars — the largest drop ever.”

Regardless, Dan White, the Senior Director at Moody’s Analytics slammed Biden for his lie.

“The actions of the administration and Congress have undoubtedly resulted in higher deficits, not smaller ones. It is encouraging that the administration has proposed some initiatives to bring down the deficit, but so far none of those initiatives has been seriously considered,” White said.

But, the main factor in the small reduction we are seeing have zero to do with Biden. It is because the needless COVID spending is sunsetting.

Follow Warner Todd Huston on Facebook at: facebook.com/Warner.Todd.Huston, or Truth Social @WarnerToddHuston

Cross-posted with iPatriot

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Warner Todd Huston

Warner Todd Huston has been writing editorials and news since 2001 but started his writing career penning articles about U.S. history back in the early 1990s. Huston has appeared on Fox News, Fox Business Network, CNN, and several local Chicago News programs to discuss the issues of the day. Additionally, he is a regular guest on radio programs from coast to coast. Huston has also been a Breitbart News contributor since 2009. Warner works out of the Chicago area, a place he calls a "target rich environment" for political news.

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