In PA, it's potted plant vs. snake oil salesman. Only sending our best!
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In PA, it's potted plant vs. snake oil salesman. Only sending our best!
From the Wall Street Journal this morning.
Biden’s latest lie:
“ Remember when the White House suggested, only weeks ago, that President Biden’s student-loan cancellation wouldn’t add much to the federal budget deficit this year? That turns out to be false. The Congressional Budget Office made that clear Tuesday in reporting that the write-off would cost some $426 billion and push the federal deficit to $1.4 trillion for all of fiscal 2022 that ended on Sept. 30.
As recently as May CBO said the deficit would come in at $1 trillion or so. Tax receipts have since come in $60 billion more than estimated. But outlays soared by $401 billion more. The budget gnomes note in their deathless prose that the increase “primarily stems from $426 billion in costs estimated and recorded by the Administration in September 2022 to reflect the long-term costs of certain forms of student debt relief.”
Just keep jacking that inflation up Brandon
Also in the Journal today from the same article:
“ Individual income taxes rose 29%, or $593 billion in fiscal 2022; payroll taxes by 13%, and corporate income taxes rose $53 billion, or 14%. Overall federal tax receipts rose 21% for the year to reach $4.9 trillion, by far the biggest tax haul ever. Nancy Pelosi thanks you, or at least she ought to.”
Kinda puts Paul’s assertion about the Trump tax cut bill into the lie category, Doesn’t it?
Receipts are fine. Just stop the stupid spending.