Biden’s busting budget

Published June 20, 2024 12:01am ET



It has been a while since President Joe Biden claimed his policies have reduced the federal deficit. The contention has always been false to the point of absurdity. But the most recent Congressional Budget Office report on the government’s fiscal health should be the final nail in the coffin for any such argument.

The CBO released an update to the Budget and Economic Outlook on Tuesday, June 18, showing that this year’s budget deficit is set to rise from the $1.6 trillion predicted as recently as February to $1.9 trillion anticipated now. The increase is due almost entirely to Biden’s policies, most importantly, his college debt amnesty, which raised spending by $145 billion, and to a lesser degree bipartisan spending on Ukraine, Israel, and the Pacific.

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