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for the middleman and women of this country they are talking about how h is working to protect families and to lower costs for familie and then also i [laughs] think what is really interesting is constantl talking about how this is document they say would, if no going anywhere, that this woul pull down the deficit. make the country spend 2.8 trillion dollars, two point 82 trillion dollar colors over te years. so he is also saying to voters we are going to try and take care of you. we know that this issue with the spending in the country is spending too much money in thi country but we also are goin to protect your medicare and social security. we are going to try and make that much more solid this is exactly what biden i going to want to say on ever stop - everything you talked abou that they have in this plan in this budget is poll tested and approved all these things are pulle very highly with both democrat ....
The white house the latest inflation data are cause for celebration. yet nothing could be further from the truth. the inflation is still crushing american families and there is no financial cause for rejoicing. david asman is here, fox business anchor, one of the sunniest people i know and cuts to the truth. why will it take so long to come out of inflation? because we ve spent so much money. the president janet yellen had a piece in the wall street journal today saying biden as the economy back on track and made the claim it was a disaster when the biden administration took over january 2021. nation facing some of the darkest days in modern history. when they took over, biden, the economy was growing at 6%. inflation was at 1.4% in the middle of a just as we were finally phasing out of the pandemic. that s the other point. they are taking credit for lowering the deficit because it went from 2.8 trillion in 2021 ....
Something like $3.1 trillion in 2020. then it went down to $2.8 trillion. it is now projected to be only $850 billion in 2022. i thought the deficit basically always went up. but now it s going down. yeah. why? i think this is some positive news in the midst of a whole bunch of bad economic news. goldman sachs called this a remarkable improvement. we have to remember what happened in 2020/2021, covid, massive amounts of covid spending from the federal government, bailouts, stimulus checks, all of that sent the federal deficit skyrocketing to levels we ve never seen before. it has come down dramatically because the government is taking in more revenue from consumers, from businesses, as the economy has improved. it s not spending as much money because the economy is not in the massive meltdown that it was. let s not forget, these are still big numbers. ....
In my first year in office. and we re on track to reduce it by the end of september by another $1.5 trillion, the largest drop ever. cnn reporter, fact-checker in chief, has the latest. there is no doubt the deficit has fallen under president biden so far. it was about $3.1 trillion under president trump in fiscal 2020. it was $360 billion lower than that, so about $2.8 trillion in fiscal 2021, mostly under president biden. even with that $360 billion decline, experts i spoke to still scoffed at the idea that president biden is personally responsible for having reduced the deficit. in fact, one advocate of deficit reduction, mark goldwein told me this claim is almost bizarro world, reversal of reality. why? because the deficit was expected to fall by more than $360 ....
With milk and eggs today. so, you mentioned a year ago during covid, a year ago we were averaging 2.8 trillion vehicle miles traveled. today we are averaging 3.2 trillion. so, we are averaging 400 billion more a year, 400 billion more a year of nationwide travel. so of course gas is going to go up. i, let me finish. i went to march 2020, we would be down by 50%. so, one, you have a lot more people travelling. it s a fact. number two. sandra: that means you should up production and that s what she was asked about, and threw her head back in laughter. so, what is the plan? i will reply to that as well. make clear we are sure on the supply and demand part you did not mention nor did steve. with respect to what jennifer ....