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A Project of The Annenberg Public Policy Center

Biden’s Economic Spin

Biden’s Economic Spin

In a speech on inflation and the economy, President Joe Biden made some misleading claims and used political spin to criticize Republicans and promote his policies.

Biden’s Deficit Spin

Biden’s Deficit Spin

In recent speeches, President Joe Biden has been misleadingly taking credit for cutting federal deficits by historic amounts, though most of the reduction in deficits is the result of expiring emergency pandemic spending. Deficits fell between fiscal year 2020 and 2021 far less than initially projected after Biden added to them with more emergency pandemic and infrastructure spending.

Biden’s Numbers

Biden’s Numbers

Statistical measures of the president’s term to date.

Biden Leaves Misleading Impression on U.S. Debt

Biden Leaves Misleading Impression on U.S. Debt

In promoting his own spending priorities, President Joe Biden blamed his predecessor’s “unpaid tax cuts and other spending” for increasing the national debt by nearly $8 trillion over four years. The total debt figure is correct, but trillions of that were due to bipartisan coronavirus relief packages.

Mnuchin Spins Pre-COVID Path to Debt Reduction

Mnuchin Spins Pre-COVID Path to Debt Reduction

An analysis by the Congressional Budget Office contradicts Treasury Secretary Steven Mnuchin’s claim that before COVID-19 hit, the U.S. was experiencing “extraordinary” economic growth that “would pay down the debt over time.”