We really do live in a banana republic, don’t we?
Just one day after Joe Biden announced an illegal plan to “forgive” billions of dollars in student loan debt for the wealthiest Americans, White House press secretary Karine Jean-Pierre praised her boss’ “fiscal responsibility.”
A unique feature of the Biden Regime thus far is its reliance on the collective stupidity of Americans. Week after week, Jean-Pierre stands at that podium and delivers the most incredible lies and obfuscations meant to justify and conceal key facts about Biden’s policies — and this student loan scam is no different.
Karine Jean-Pierre touted the Biden administration’s “historic” deficit reduction while deflecting questions about how much the student loan measure will cost and how it will be paid for.
With a straight face and all the seriousness in the world, she actually told reporters on Thursday that Biden’s “record on fiscal responsibility is second to none.”
The day after Biden announced a half-trillion-dollar student loan bailout — which will immediately worsen inflation — Karine Jean-Pierre claims Biden's "record on fiscal responsibility is second to none." pic.twitter.com/IdcYE7Dy4H
— RNC Research (@RNCResearch) August 25, 2022
Let’s take a look at some of Biden’s “fiscally responsible” policies since entering the White House:
– Biden signed into law the $1.9 trillion American Rescue Plan almost immediately.
– A $1.2 trillion infrastructure package was signed into law as inflation began to uptick.
– He proposed a $3 trillion Build Back Better climate and social welfare spending bill before settling on the slightly cheaper ($430 billion) “Inflation Reduction Act”.
It’s notable to mention that Biden’s “Inflation Reduction Act” in fact raises taxes at a time when most Americans are struggling to afford basic necessities.
The Biden administration has pointed to smaller budget deficits as the country pulls out of the pandemic as a sign of fiscal responsibility, hearkening back to the 1990s, when President Bill Clinton associated Democrats with balanced budgets and lower interest rates.
“Last year, we cut the deficit by more than $350 billion,” Biden said as he rolled out his student loan plan on Wednesday. “This year, we’re on track to cut it by more than $1.7 trillion by the end of this fiscal year. The single-largest deficit reduction in a single year in the history of America.”
Meanwhile, Biden’s job approval ratings on the economy have tumbled as inflation, sparked in part by high federal spending, has raged at a 41-year high. He has approved or proposed trillions of dollars in additional spending. The White House hasn’t given an estimate as to how much the student loan debt relief program will cost, despite criticism from Democrats running in competitive races this fall.
Author: Nolan Sheridan