The U.S. Treasury Department reported spending for fiscal year ending 9/30/23 was $6.13 trillion, down 2% from last year's fiscal spending which came in at $6.27 trillion. It was the second year that the Biden administration reduced year to year federal spending. Federal spending at the end of Biden's first fiscal year was $6.27 trillion, down from Trump's last fiscal year spending which came in at $6.8 trillion for an 8% reduction. Trump's third fiscal year spending came in at $6.5 trillion.
Federal spending for Biden's first two fiscal years did not exceed federal spending in Trump's last two fiscal years. Does anyone remember how the GOP told the American people how Biden's policies would lead to record spending, job losses, higher deficits, higher unemployment, etc., etc., and etc.? I know the media must remember it, but like always, they are enablers of the GOP talking points, false information and lies.
PolitiDose commentary for the past 15 years has been there telling the real story. President Eisenhower was the last GOP administration to reduce year to year federal spending in 1955. Democratic Presidents Lyndon Johnson, Barrack Obama and now Joe Biden reduced year to year federal spending. And once again it is a democratic administration who can walk the talk of reducing federal spending.
This commentary written by Joe Lorio
