Just last week Joe Biden again boasted that he’s slaying the deficit and the debt at a rate that no other president has ever done. Uh-huh. Here’s the latest budget picture from the Treasury (with a graph that is curiously out of scale).
CTUP senior fellow EJ Antoni noted: Interest on the debt was a whopping $61 billion in May, more than was spent on veterans benefits and services, education, and transportation COMBINED; interest costs were a quarter of the deficit last month.”
But don’t worry, Joe’s putting us back on the path to a balanced budget.