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While they’re all bogus numbers, the claimed “$1.7 trillion” reduction in the national debt seems to be his talking point of choice, with the timeframe of this mythical debt reduction being in his first two years in office.
As I wrote in May 2023; When Biden took office the national debt was $27.75 trillion, and as of writing [in May 2023] it stands at $31.7 trillion [it now stands at $34.6 trillion as of March 2024]. While only Biden needs this clarified; 31.7 trillion actually a bigger number than 27.75 trillion, not 1.7 trillion smaller.
Biden has repeated the “$1.7 trillion debt reduction” claim numerous times, and it appears that he’s confused by his own White House’s talking points. According to an ironically-named “White House fact sheet” from March of this 2023, the administration claims “President Biden cut the deficit by more than $1.7 trillion during his first two years in office.”Read Full Article Here