Federal Budget Deficit Cut in Half on Biden’s Watch

$14 trillion

“In a statement, the Treasury Department said the annual deficit had plummeted from $2.8 trillion in 2021 to roughly $1.4 trillion in 2022 — a decline driven primarily by the expiration of trillions in pandemic-era emergency spending. The gap between revenue and spending also shrunk in part due to stronger-than-expected tax receipts, as a booming U.S. economy and large corporate profits helped bring in additional funds to federal coffers,” the Washington Post reports.

Ask Dr. Democrat

Dear Dr. Democrat,

The polls are unreliable. The pundits are unfathomable. What’s going to happen in the midterm elections?

Worried in Wimauma

Dear Worried:

You should be.

Republicans will take both houses in the midterms, THEN the benefits of the Inflation Reduction Act will kick in, prescription drug prices will fall, Biden’s De-frickin-cember releases from the strategic petroleum reserve will bring down gas prices, and things will start to get better. Republicans will take and get all the credit, and we will be there going, “No, it was us! Really it was! Vote for us again!”

The two botched impeachments, the Mueller report and the way-too-late Jan. 6 Commission will fade like the afternoon sun does without daylight saving time, and new impeachments and investigations, all centered on Democrats, will dominate the news cycles right up to election day 2024…when Ron DeSantis becomes our next president.

Sorry, no balm of Gilead here.

Be careful,

Dr. Democrat