Beltway Confidential

The Biden-Pelosi-Schumer deficits are a catastrophe

By Quin Hillyer
Published October 12, 2022 11:29am ET
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The Biden-Pelosi-Schumer deficits are a catastrophe
President Joe Biden released a short statement Friday acknowledging the historic jobs report published by the Bureau of Labor Statistics, which showed the unemployment rate at a half-century low.


While the Biden administration brags that it “cut” the federal government’s annual deficit in half in the fiscal year 2022, the reality is that the $1.4 trillion deficit is not a triumph but a travesty.

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Democrats Inflation