New Data Shatter the Conventional Wisdom on Spending, Taxes, and Deficits
Biden claims he has reduced the deficit, but the math doesn’t add up.
Last week, I released the 2022 edition of my annual book of charts examining the federal budget, spending, taxes, and deficits. The 128-page book uses publicly available data from leading government sources to shatter much of the conventional wisdom on economics. And although the Congressional Budget Office has not updated its budget estimates since May, my chart book incorporates all subsequent legislation to create an up-to-date look at escalating deficits. The entire chart book is available here, and seven charts are highlighted below.
This piece originally appeared in National Review Online