Biden Lied About Bringing Down Deficit In 2021 As Inflation Rate Skyrockets To 8.3%
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May 11, 2022 at 01:14PM Outrageous: Biden Lies and Says He Brought Down the Deficit in 2021 After Adding $3 TRILLION in New Debt
On Tuesday Joe Biden delivered a weak and dishonest attempt to blame anyone but himself and the Democrat Party for the record inflation in America today.
Democrat spending immediately created the current inflation crisis after Joe Biden took office.
During his talk, Joe Biden lied and said his administration and Democrats brought down the deficit last year in 2021.
This was a lie as Newsmax host Rob Schmitt pointed out.
Last year the IRS took in $3.8 trillion dollars. Democrats spent $6.8 trillion. That’s a deficit of $3 trillion in just one year. That’s why the inflation number is at historic levels.
The US inflation rate was released on Wednesday morning. The 8.3% inflation rate was higher than expected at 8.1%.
April 2022 CPI: 8.3% y/y vs. 8.1% Consensus Estimate
— Market Rebellion (@MarketRebels) May 11, 2022
Increases in shelter (Paging Powell!) food, airline fares & new vehicles were largest contributors to SA headline CPI. The food index rose 0.9%, food at home index rose 1.0%. Energy fell in April w/ gasoline fell 6.1% offsetting increases in natural gas and electricity.
— Danielle DiMartino Booth (@DiMartinoBooth) May 11, 2022
Biden delivers another month of higher prices, smaller paychecks
Overall CPI: +8.3% since last year
Gas: +43.6%
Electricity: +11%
Meat, Poultry, & Fish: +13.8%
Milk: +14.7%
Eggs: +22.6%
Coffee: +13.5%
Used Cars: +22.7%
Airline Fares: +33.3%
Real Average Hourly Earnings: -2.6%— Jacki Kotkiewicz (@jackikotkiewicz) May 11, 2022
via The Gateway Pundit
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