Maya MacGuineas: The White House is wrong, Biden is no steward of fiscal responsibility
Maya MacGuineas is president of the Committee for a Responsible Federal Budget and head of the Campaign to Fix the Debt. She recently wrote an opinion piece for The Washington Post, an excerpt of which is below.
The White House has been trying to paint President Biden as the champion of prudent economic stewardship. Biden’s “record on fiscal responsibility is second to none,” it asserts. As temporary covid measures end — and record-high deficits predictably decline — the administration is congratulating itself for that supposed achievement.
But the administration’s record is, sadly, the opposite of what it argues. Since entering office, the president has approved policies adding $4.8 trillion to the deficit over the next decade. This is an extraordinary sum, which makes it all the more astonishing that the administration would try to pull off this claim.
Read the entire piece here.
Published works by members or staff of the Committee for a Responsible Federal Budget do not necessarily reflect the views of all members or staff of the Committee.