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The week's question
In December 2024, in the thread "Re: BRK: Why Not XOM?", BreckHutHigh asked the members: "What about the long road trips with kids?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
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Halls of Shrewd'm / US Policy
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Author: commonone   😊 😞
Number: of 84362 
Subject: Fact Checking Biden
Date: 03/08/24 12:50 PM
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You can pick your source but they're all reporting basically the same analysis:

1. Biden on Trump and the national debt: Biden’s numbers are correct; the national debt rose from about $19.9 trillion to about $27.8 trillion during Trump’s tenure, an increase of about 39% and more than in any other four-year presidential term, in part because of Trump’s major tax cuts.

2. The economy has added ‘800,000 new manufacturing jobs’: Biden’s figure is correct.

3. Biden on the deficit impact of IRA Medicare provisions: It’s true that two of the main drug price provisions in the Inflation Reduction Act, which Democrats pushed through Congress in 2022, are expected to reduce the deficit by $160 billion...

4. Biden and the deficit: Misleading. While it is true that the annual federal budget deficit was more than $1 trillion lower in the 2023 fiscal year, it did so because it had skyrocketed to a record high at the end of Trump’s term.

5. Biden's ‘15 million new jobs’ in three years: Biden’s claim is correct.

6. Biden on the corporate minimum tax: This only applies to companies with at least $1 billion in average annual income. According to the Institute on Taxation and Economic Policy, only 14 of the companies on its list of 55 non-payers reported having US pre-tax income of at least $1 billion.

7. Violent crime has fallen to lowest levels in ‘more than 50 years’: This is true.

And you can read the rest yourself. Basically, his other statements were rated as either "True" or "Needs context," with CNN providing explanations.

cnn.com - Fact check joe biden state of the union
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This community has written 84,309 posts about US Policy. The article-length ones it recommended most:
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