Biden's Budget Promises Deficit Cut, But His Inflation Reduction Act's Massive Cost Overruns Cast Doubt

President Joe Biden is nothing if not a tax-and-spend liberal, and his latest budget proposal is further proof of it.

A centerpiece of his 2025 fiscal year budget is a plan to reduce deficit spending by $3 trillion over the next 10 years, but given the cost overruns of Biden’s 2022 Inflation Reduction Act, which also was supposed to reduce the deficit, don’t take the administration’s numbers to the bank.

Biden tried to trumpet his deficit-cutting bona fides on Monday in a speech in Washington, D.C., saying, “We reduced the federal deficit. … It hasn’t gone up.  It’s gone down under us.”

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Randy DeSoto

Contributing Journalist

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Randy DeSoto has written more than 4,000 articles for The Western Journal since he began with the company in 2015. He is a graduate of West Point and Regent University School of Law. He is the author of the book "We Hold These Truths" and screenwriter of the political documentary "I Want Your Money."

@RandyDeSoto

Randy DeSoto wrote and was the assistant producer of the documentary film "I Want Your Money" about the perils of Big Government, comparing the presidencies of Ronald Reagan and Barack Obama. Randy is the author of the book "We Hold These Truths," which addresses how leaders have appealed to beliefs found in the Declaration of Independence at defining moments in our nation's history. He has been published in several political sites and newspapers.

Randy graduated from the United States Military Academy at West Point with a BS in political science and Regent University School of Law with a juris doctorate.

Birthplace

Harrisburg, Pennsylvania

Nationality

American

Honors/Awards

Graduated dean's list from West Point

Education

United States Military Academy at West Point, Regent University School of Law

Books Written

We Hold These Truths

Professional Memberships

Virginia and Pennsylvania state bars

Location

Phoenix, Arizona

Languages Spoken

English

Topics of Expertise

Politics, Entertainment, Faith

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