You know he's lying because his mouth is open.

[Bendintheriver]

Short but sweet article on the biden budget and how patently dishonest he is being with Americans who he clearly thinks are too stupid to understand basic math.

Flea, hh, mello, etc,. This is big boy math. Your president clearly believes you are too stupid to see through his bullshit so you can sit this one out and stay ignorant.
https://cnsnews.com/commentary/terence-p-jeffrey/bidens-budget-lies

"The first value is fiscal responsibility," Biden said.

That is a lie.

In his speech, Biden elaborated on this lie.

"The previous administration, as you all know, ran up record budget deficits. In fact, the deficit went up every year under my predecessor," he said.

"My administration is turning that around," Biden continued.

"Last year," he said, "we cut the deficit by more than $350 billion. This year, we're on track to cut the deficit by more than $1.3 trillion. $1.3 trillion. That would be the largest one-year reduction in the deficit in U.S. history."

In other words, under Biden's budget projections, in just 10 years the share of the federal debt per the current number of full-time workers in this country will be approximately equivalent to the current cost of a typical American home (400K) or a Harvard education (400k by that time).

 

[PurpleThrobber]

In the real world - and you can look at damned near any publicly traded company's financials in 2021 (depending on where their fiscal year falls) - the gain on forgiveness of debt COVID relief money is specifically identified as "other income". It's not consider normal. The PPP/CARES Act money was a gift. A one time deal. Meaning, don't expect that from normal operations going forward.

Conversely, on the governments books that is "other expense" (not a technical term in government accounting) but it's the other side of the ledger, a write off of accounts receivable. So, for those stupid enough to not look under the covers, don't expect or include that in normal operations going forward.

Comparing cutting the deficit is fucking retarded even by Biden's shady math.

He didn't do shit. He brought down neither government debt nor government spending.

Work the shaft, Dazzler and Ostrich Boy.

 

[Bob_C]

In the real world - and you can look at damned near any publicly traded company's financials in 2021 (depending on where their fiscal year falls) - the gain on forgiveness of debt COVID relief money is specifically identified as "other income". It's not consider normal. The PPP/CARES Act money was a gift. A one time deal. Meaning, don't expect that from normal operations going forward.

Conversely, on the governments books that is "other expense" (not a technical term in government accounting) but it's the other side of the ledger, a write off of accounts receivable. So, for those stupid enough to not look under the covers, don't expect or include that in normal operations going forward.

Comparing cutting the deficit is fucking retarded even by Biden's shady math.

He didn't do shit. He brought down neither government debt nor government spending.

Work the shaft, Dazzler and Ostrich Boy.

Accounting is above Mello’s pay grade.

And slowing the rate of growth on the continuously growing deficit is not cutting the deficit.

 

[SFGbob]

Biden is "cutting" spending the same way that Obama "cut" spending. Biden is counting the trillions in stimulus spending that he and the Rats passed last year as part of the baseline Federal budget now. Since we're not passing another stimulus fraud package this year Biden is claiming that's a "cut" in spending. Completely dishonest bullshit.

 

[MikeDamone]

I read after WWII Truman slashed government spending from his predecessors record levels.

It was remarkable.

 

[Bob_C]

Biden is "cutting" spending the same way that Obama "cut" spending. Biden is counting the trillions in stimulus spending that he and the Rats passed last year as part of the baseline Federal budget now. Since we're not passing another stimulus fraud package this year Biden is claiming that's a "cut" in spending. Completely dishonest bullshit.

You’d be laughed out of the room in the private sector if you loosely and incorrectly used critical terms like that. Have seen a lot of high level marketing people that don't know the difference between ROAS and ROI. Hilarity ensues when they submit their spend proposals that claim to have 300% ROI’s but in reality have 300% ROAS and like 5% ROI’s.