One of President Biden'scampaign promiseswas to reduce the federal deficit. The Congressional Budget Office (CBO) estimated that the federal budget deficit was $475 billion in the first five months of fiscal year 2022, which represented an amount less than the deficits for the same period in y...
While Bush presided over the declining business cycle, Obama caught the rebound. Those who highlight the budget deficit falling from $1.4 trillion to $585 billion between 2009 and 2016 overlook the fact that Obama's own stimulus law inflated the 2009 starting point. Additionally, by January 2009...