“President Trump is a threat to our democracy” is the cry of those panicked on the political left. First of all, we don’t have a democracy–we have a representative republic. Second of all, President Trump is not the one limiting free speech and jailing his political opponents. But there are some other current lies that need to be debunked.<\/p>\n
On Sunday, The New York Post<\/a> reported:<\/p>\n Projection is blaming someone else for your own bad behavior.<\/strong><\/p>\n We saw a classic case of projection in Thursday\u2019s presidential debate<\/a>, when President Biden \u2014 who is overseeing annual budget deficits of $2 trillion<\/a> \u2014 asserted that his predecessor, Donald Trump, added more to the federal debt than anyone else.<\/strong><\/p>\n It\u2019s part of the latest leftist argument: that if Trump wins the election, he will run deficits twice as large as Biden would.<\/strong><\/p>\n Debate moderator Jake Tapper joined the chorus of federal finance falsehoods when he claimed Trump had \u201capproved $8.4 trillion in new debt,\u201d while Biden\u2019s actions will increase the debt by (merely) $4.3 trillion over a decade.<\/strong><\/p>\n Those numbers are based on the predictions of the Committee for a Responsible Federal Budget (CRFB). This group opposed the Trump tax cuts which increased federal revenue.<\/p>\n The article continues:<\/p>\n The fundamental flaw of the CRFB analysis is revealed if we examine the projections of the Congressional Budget Office.<\/strong><\/p>\n The CBO\u2019s projection for 2021, the last fiscal year of the Trump administration, forecast the federal debt to reach about $35.3 trillion by 2031, that is, over the next decade.<\/strong><\/p>\n Today, 3\u00bd years into the Biden administration, the latest estimates from the CBO project the debt will hit over $42.5 trillion by 2031.<\/strong><\/p>\n The article concludes:<\/p>\n Biden wanted to spend $2 trillion more in the last year and a half, but conservatives in the House blocked the added bloat.\u00a0<\/strong><\/p>\n You can bet the farm that if the radical left wins the White House and Congress in 2024, that $2 trillion outlay will be first on their legislative agenda.\u00a0<\/strong><\/p>\n Biden\u2019s other big lie, backed by the CRFB analysis, is that extending Trump\u2019s tax reform<\/a> will drown the economy in debt.<\/strong><\/p>\n Yet federal tax revenues have increased<\/em> since that tax reform was enacted \u2014 and federal revenues as a share of GDP have not fallen.<\/strong><\/p>\n All of the increase in today\u2019s debt has been due to massive, out-of-control federal spending \u2014 by both parties.<\/strong><\/p>\n Trump spent and borrowed too much, full stop.<\/strong><\/p>\n But with a debt headed to $50 trillion if reelected and a political agenda that stifles economic growth, Biden has set America on an unsustainable fiscal path that will lead to financial oblivion.<\/strong><\/p>\n It’s the spending, stupid.<\/p>\n <\/p>\n","protected":false},"excerpt":{"rendered":" “President Trump is a threat to our democracy” is the cry of those panicked on the political left. First of all, we don’t have a democracy–we have a representative republic. Second of all, President Trump is not the one limiting … Continue reading