The Treasury Department reported last week that the former president Donald Trump and his administration had caused the$ 1.8 trillion gap for fiscal 2024, which is the third-largest gap in U.S. story.
Then, Jean-Pierre compared the Biden administration’s record, including the debt ceiling agreement that President Joe Biden and then-House Speaker Kevin McCarthy reached last year, which would have reduced the deficit by$ 1.5 trillion over the next ten years, claiming Republicans have been doing” the opposite.”
” They want to continue to give tax breaks to businessmen and firms”, she said. ” They want to make it harder for middle-class people. And but there’s a distinction there. The distinction, in my opinion, could not be more distinct from what we’re trying to do and what they’re trying to accomplish.
Jean-Pierre refuted the notion that Democrats are weaker on the economy than Republicans because the economy continues to be one of voters ‘ top concerns, which contributed to the fiscal 2024 deficit, which was only compounded by interest rates on the federal debt, which was more than$ 1 trillion for the first time and increased spending on Social Security, healthcare, and the military.
” It’s not true”, the press secretary said. There was a pandemic situation where there was no plan, we saw. This senator has said he needed to turn things around with the assistance of the vice president because business was shut down and the majority of schools were shut down. We’ll travel to New Hampshire monday because of this. We’re going to discuss the Inflation Reduction Act and what the president and vice president have been allowed to do to reduce costs because we know there is more work to be done.
” Everything that we’re talking about, Republicans in Congress, majority of them, do n’t wanna see”, she added. ” They’re on the other side of what we’re trying to accomplish. We understand there’s more work to perform, and we’re going to continue to push ahead”.
The deficit for fiscal 2024, the year that ended Sept. 30, was 8 % higher, or$ 138 billion more, from the$ 1.7 trillion deficit for fiscal 2023, though it was lower than the pandemic-era deficits of$ 3.1 trillion in fiscal 2020 and$ 2.8 trillion in fiscal 2021.
The Committee for a Responsible Federal Budget,  , a fiscal think tank, has estimated , that former President Donald Trump‘s 2024 campaign proposals would create$ 7.5 trillion in new debt, while Vice President Kamala Harris‘s plans are projected to add$ 3.5 trillion.
WASHINGTON EXAMINER CLICK HERE TO READ MORE.
Polling responders have also repeatedly told pollsters that they believe Trump to be more trustworthy with the business than Harris.
In a poll conducted by the Associated Press and NORC Center for Public Affairs Research on Monday, it was revealed that 35 % of voters preferred Trump over Harris in terms of middle-class taxes. Trump also had an advantage with regard to the cost of accommodation, while Harris also had a benefit from tariffs. Voters were largely divided on whether Trump or Harris would be more advantageous in terms of jobs and employment as well as on prices for daily necessities like groceries and gasoline.