US president believes he has an economic success story to tell although polls indicate voters are skeptical
Now Biden’s getting into controversial territory, at least when it comes to the priorities of the House Republicans.for America’s sizable budget deficit, saying “Under the previous administration, the American deficit went up four years in a row … nearly 25% of the entire national debt that took over 200 years to accumulate was added by just one administration alone, and the last one. They’re the facts, check it out.
Then he leaned on Congress to increase America’s borrowing limit, which it will have to do by around June in order to prevent the country from defaulting. Biden said that under Trump, Congress “did the right thing that led to the debt ceiling three times without preconditions or crisis … let’s commit here tonight that the full faith and credit of the United States of America will never, ever be questioned.
“Some members here are threatening, and I know it’s not an official party position, so I’m not going to exaggerate but … to repeal the Inflation Reduction Act,” Biden said. “That’s OK, that’s fair. As my football coach used to say lot’s of luck in your senior year.Updated at 02.46 GMTBiden just recapped his economic policies, including the 2021 infrastructure overhaul that will pour $1tn into fixing roads, bridges, airports, pipes and other capital works across the country.
The president said he wanted to “thank my Republican friends who voted for the law, and my Republican friends who voted against it as well … I still get asked to fund the projects in those districts as well. But don’t worry. I promised I’d be a president for all Americans. We’ll fund these projects, and I’ll see you at the groundbreaking.”For instance, Biden just said that, “Two years ago, our democracy faced its greatest threat since the Civil War.
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