In a Time of Universal Deceit, Telling the Truth is Revolutionary.
Tuesday, May 11, 2021

Biden: Deficit news hit in administration’s first week

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Vice President Joe Biden greets supporters during a campaign event at the Century Village Clubhouse in Boca Raton, Fla., Friday, Sept. 28, 2012.
(AP Photo/Terry Renna)

Vice President Joe Biden says that he and President Barack Obama had been on the job less than a week when a top economic adviser told them the country was facing a trillion-dollar budget deficit.

Biden says that Obama replied, “But I haven’t done anything yet.”

Biden blames the deficit on the previous Bush administration, adding that it “put two wars on a credit card” and gave tax cuts to the wealthy after inheriting a balanced budget and revenue surplus from the Clinton administration.

Biden hammered GOP presidential candidate Mitt Romney for comments on a leaked video in which Romney describes 47 percent of Americans as paying no federal income tax and believing “they are victims.”

Biden made his remarks Saturday to more than 2,000 people in Fort Myers, Fla.

Copyright 2012 The Associated Press

Enhanced by Zemanta
%d bloggers like this: