We expect six big lies in tonight’s speech:
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- Biden has reduced the budget deficit by $1.4 trillion.
Reality: He has recorded two of the largest deficits in history. - Biden inherited an economy in freefall.
Reality: The economy expanded by nearly 20% in the last six months of the Trump Administration. - Inflation was high when Biden entered office.
Reality: inflation rate was 1.4% when Biden entered office and he ran it up to 9% - Biden has brought down gas prices.
Reality: The gas price was $2.59 a gallon under Trump, hit $5 in the Summer, and is now $3.49 a gallon. - Biden is doing all he can to secure the border.
Reality: There were 2.2 million illegal border crossings in 2022 shattering the all-time record. - Biden is increasing domestic oil and gas production.
Reality: If Trump’s energy policies were in place we would be producing 2 million more barrels a day.
- Biden has reduced the budget deficit by $1.4 trillion.
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Read the whole debunking of Biden’s economic myths in Steve Moore’s latest NY Post column: