The first line in President Joe Biden's budget statement, released Monday, is "Budgets are statements of values, and the budget I am releasing today sends a clear message."
Plus, it's Biden's own budget that calls for deficits to remain well above $1 trillion - and climbing - over the next decade.
Under Biden's budget, federal spending in 2030 will account for 23.9% of the nation's GDP. Under Trump's last budget, it would have been 18.4%. From 2022 through 2030, Biden proposes to spend $38.8 trillion on entitlements such as Social Security, Medicare, Medicaid, welfare.
As Bloomberg notes, Biden's budget "Is based on economic assumptions the White House itself recognizes are outdated, including a forecast for inflation to cool next year to about a quarter of its current, four-decade-high pace."
Biden's budget projects outsized growth in GDP, as well.
Biden's rosy growth forecasts are made all the more fantastical given that this budget also assumes passage of massive, economically ruinous tax hikes.
That's the real message Biden's budget sends.
https://issuesinsights.com/2022/03/29/lies-damned-lies-and-bidens-budget/
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