Biden leaves office with worst US financials in history

[mark francis]

Numbers don't lie. In spite of record high stock market gambles and high employment numbers among government workers and specialty groups, the US economy is in danger of a major free-fall.


America's Newspaper

Biden ends fiscal year with $1.8 trillion deficit; gross interest payments top $1 trillion​

President Joe Biden speaks in the Diplomatic Reception Room of the White House, Tuesday, Feb. 8, 2024, in Washington. (AP Photo/Evan Vucci) more >
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By Stephen Dinan - The Washington Times - Updated: 4:00 p.m. on Friday, October 18, 2024
President Biden closed out his last full fiscal year with a $1.833 trillion deficit, marking the worst non-pandemic year in history and raising fears the government is heading for an uncontrollable fiscal spiral.

Gross interest payments on the public debt also set a grim new record, topping $1 trillion for the first time.


The government did see a remarkable surge in taxes, taking in nearly $480 billion in additional revenue over the course of fiscal 2024 — a nearly 11% leap. But even that couldn’t keep up with the rapacious pace of spending set by Congress and Mr. Biden, which rose nearly $620 billion from fiscal 2023.

 

[pjmret]

lying moooron lol
trump had the biggest deficit, 3.1T.

stop defending right wing criminals.


and of course "financials" includes more than that. duh.

 

[mark francis]

lying moooron lol
trump had the biggest deficit, 3.1T.

stop defending right wing criminals.


and of course "financials" includes more than that. duh.

The surge came after Democrats seized control of Congress.

 

[mark francis]

lying moooron lol
trump had the biggest deficit, 3.1T.

stop defending right wing criminals.


and of course "financials" includes more than that. duh.

Are you denying the facts listed in the OP?

 

[pjmret]

The surge came after Democrats seized control of Congress.

Trump was president mooron

 

[pjmret]

Are you denying the facts listed in the OP?

Yes it wasn't the worst deficit 8n history
Your headline lied
Trumps was The worst

 

[mark francis]

Trump was president mooron

No, the damaging data is from October, 2024 and Trump is not president.

 

[pjmret]

No, the damaging data is from October, 2024 and Trump is not president.

Biggest deficit 2020 7nder trump
the 2020 budget year, the deficit hit a record of $3.1 trillion

God you are stupid lol

 

[mark francis]

Biggest deficit 2020 7nder trump
the 2020 budget year, the deficit hit a record of $3.1 trillion

God you are stupid lol

Just hang onto that 2020 disaster under Trump and the Democrat covid managers if you think that will detract from the fact that Biden has the highest non-covid debt and deficit in US history.

 

[pjmret]

Just hang onto that 2020 disaster under Trump and the Democrat covid managers if you think that will detract from the fact that Biden has the highest non-covid debt and deficit in US history.

So you admit your headline was a lie

 

[mark francis]

So you admit your headline was a lie

No, there was no error in the article.

 

[pjmret]

No, there was no error in the article.

Your headline mooron was a lie as I said
God you are stupid lol

 

[Boris Norris]

Numbers don't lie. In spite of record high stock market gambles and high employment numbers among government workers and specialty groups, the US economy is in danger of a major free-fall.


America's Newspaper

Biden ends fiscal year with $1.8 trillion deficit; gross interest payments top $1 trillion​

President Joe Biden speaks in the Diplomatic Reception Room of the White House, Tuesday, Feb. 8, 2024, in Washington. (AP Photo/Evan Vucci) more >
Print
By Stephen Dinan - The Washington Times - Updated: 4:00 p.m. on Friday, October 18, 2024
President Biden closed out his last full fiscal year with a $1.833 trillion deficit, marking the worst non-pandemic year in history and raising fears the government is heading for an uncontrollable fiscal spiral.

Gross interest payments on the public debt also set a grim new record, topping $1 trillion for the first time.


The government did see a remarkable surge in taxes, taking in nearly $480 billion in additional revenue over the course of fiscal 2024 — a nearly 11% leap. But even that couldn’t keep up with the rapacious pace of spending set by Congress and Mr. Biden, which rose nearly $620 billion from fiscal 2023.

Excuse me for butting in but I remind you Trump increased the total debt by 8 trillion. Had you forgotten that. The figures don't lie.

Little wonder he went bankrupt six times.

 

[mark francis]

Your headline mooron was a lie as I said
God you are stupid lol

You claim it was a lie but have not supported your claim with facts.

 

[mark francis]

Excuse me for butting in but I remind you Trump increased the total debt by 8 trillion. Had you forgotten that. The figures don't lie.

Little wonder he went bankrupt six times.

We are talking about the 2024 record high debt and deficit. That had nothing to do with Trump. PJM wants to deflect to the 2020 debt and deficit increase. For that we have to blame Trump for signing the democrat 'inflation reduction act' proposed by democrats and opposed by republicans.

The economy-busting bill that added trillions to the US debt and deficit was only passed because of Kamala's tie-breaking vote on the bill. Don't blame Trump and republicans for the 3 trillion dollar debt and deficit increase of 2020, blame Kamala and the democrats: Democrats for cooking up the bill against republican opposition and Kamala for casting the deciding vote to get the monstrous spending bill passed.