WG Discussion Points: Deficit Claims From The Presidential Debate
WG Discussion Points | David Winston
June 28, 2024
Democrats are in full-scale panic after last night's disastrous debate. Today's coverage has focused on the President's performance, but in this edition of Discussion Points, we are addressing one of the debate statements about the deficit.
In the debate, President Biden said: "He [Trump] had the largest national debt of any president in a four-year period, number one." At the Office of Management and Budget's historical tables page on the White House website, there is a file (table 1.1) that looks at the summary of receipts, outlays, and surpluses or deficits (-) from 1789 through 2029 (estimate). The OMB data shows a different picture. In Trump's four years, the federal budget added 5.56 trillion dollars to the deficit. In Biden's first three years, his budgets added 5.84 trillion.
