Biden Makes ‘Three Pinocchio’ Deficit Claim & Then Calls GOP ‘Fiscally Demented’

Eric Scheiner | January 17, 2023
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Despite the federal government collecting a record $4,896,119,000,000 in total taxes in fiscal 2022 and increasing the federal debt in by approximately $11,374 per every American worker, Joe Biden continued to argue for more tax increases on Monday.


While speaking at Al Sharpton's National Action Network (NAN) Martin Luther King, Jr. Day event Biden frolicked in making misleading statements about lowering the federal deficit.

Biden repeated his tall-tale of reducing the federal deficit "by $350 billion", a claim that garnered "Three Pinocchios" from the leftist Washington Post. The Corvette-and-Classified document taker later claimed he was reducing the deficit even more this year and called Republicans “fiscally demented.”

According to Fox News:

Tennessee Senator Marsha Blackburn, a Republican, told Fox News Digital that since "President Biden took office, prices have risen 13.7%, inflation has been above 6% for 15 consecutive months, and the U.S. debt has reached over $30 trillion for the first time in history."

"Despite what the President claims, the Democrats’ reckless spending will add $4.8 trillion in new deficit spending over the next 10 years," Blackburn said. "If wanting a balanced budget is ‘fiscally demented,’ I’m not sure what you would call the economic devastation under President Biden’s leadership."

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Fox also reports that Senator Katie Britt of Alabama said "President Biden’s reckless tax-and-spend policies have fueled generationally high inflation and crushed Americans who are simply trying to make ends meet."

"He’s hired 87,000 new IRS agents, while leaving our Border Patrol agents short-handed to deal with the unprecedented national security and humanitarian crisis he caused at the border," Britt said. "And he’s turned to just about every foreign adversary possible instead of unleashing American energy independence."

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