Fact: Democrats Reduced the Federal Deficit by 50%

• • • •

Fact: Democrats Reduced the Federal Deficit by 50% @factpacusa Click to Tweet

The U.S. Treasury released the deficit figures for the end of fiscal year 2022.

“The federal deficit went up every single year in the Trump administration — every single year he was president,” President Biden said. “It went up before the pandemic. It went up during the pandemic. It went up every single year on his watch, Republican’s watch.”

And Biden is right. During Trump’s one term as President, Republicans drove up the federal deficit every single year. As the economy moves forward from the pandemic and if Democrats hold the House and Senate, the U.S. budget is on track to balance for the first time since the Clinton administration.

Sources

United States Treasury: National deficit

CNBC: U.S. budget deficit cut in half for biggest decrease ever

Updated on Oct 27, 2022

Facts work the best when shared with friends. ..

FACT

FactPAC is dedicated to supporting a robust and fair Democracy by getting the facts to voters. FactPAC is an unconnected political action committee that has no affiliation with any other organizations or campaigns. We are donor-supported and volunteer-run.

Sharing this fact can make a difference! Can you share it on just one of your profiles?

Let’s save the economy from Republicans who want to cut jobs and put more money in the pockets of the largest corporations.

Fox Business Said The UK had a “Terrific Economic Plan” and Compared It to the GOP’s. UK’s Inflation Rate is Nearly 2% Higher than U.S.

DONATE NOW

Fact: Democrats Reduced the Federal Deficit by 50%

Sharing this fact can make a difference! Can you share it on just one of your profiles?

Senator Warnock Has Sponsored or Co-Sponsored Nearly 500 Bills in the Senate

Why the Keystone XL Pipeline Would Not Lower Your Gas Prices Now or in the Future

Ron Johnson doesn’t think Wisconsinites deserve well-paying jobs

Democrats Are Lowering Drug Costs

J.D. Vance’s Plan Would Close Down Manufacturing Plants in Ohio

Let’s save the economy from Republicans who want to cut jobs and put more money in the pockets of the largest corporations.

The Inflation Reduction Act Lowers Medical Cost and Increases Energy Production

Republicans Will Help Oil Companies Keep Gas Prices High Until 2024. Here’s Why…

97% of Republicans Voted Against Your Right to Birth Control

Fox Business Said The UK had a “Terrific Economic Plan” and Compared It to the GOP’s. UK’s Inflation Rate is Nearly 2% Higher than U.S.

Democrats Helped Small Businesses Re-Open. Every Republican Voted No.

When Your Monthly Child Tax Credit Payments Ended, Republicans Refused to Renew It

Republicans promise to lower taxes on the largest corporations, and it will make inflation worse

Big Oil Has Paid Marco Rubio $250,000

Fact: Democrats Reduced the Federal Deficit by 50%

You don’t have to choose between saving democracy and fighting inflation. Democrats will give you both.

Ted Budd’s Votes Have Been Bought by Big-Pharma, Big Oil, and Special Interest Groups

Ted Budd Calls Violent January 6th Insurrection “just patriots standing up.”

Ted Budd’s Family Business Left Farmers with $50 Million in Losses

Ted Budd Takes Paycheck from Big Pharma After Voting Against Lower Drug Prices

Oil Companies Back Ted Budd to Keep Profits and Your Gas Prices High

Adam Laxalt Will Be Big Oil’s Best Friend in the Senate

Marco Rubio Wants All Abortions Banned For Any Reason