Biden never quite says his policies reduced the deficit. But when he says things like “I lowered your deficit,” he certainly signals that.
The president is playing a rhetorical shell game. He’s trying to dazzle listeners with impressive-sounding numbers. But the reality is he’s increased the budget deficit, not reduced it.
Budget deficit numbers are complicated — and often dull. So we will try to keep this as simple as possible.
The best way to determine a president’s impact on budget deficits is to look at what was predicted before he arrived — and then what happened after his policies have been enacted.