Posted 10/6/2023, 7:13:00 PM
Biden Defends Economic Record Amid Voter Concerns Over Inflation and National Debt
- Biden criticized media for focusing on economic concerns, claimed there is a federal budget surplus despite record deficit
- Blamed supply chain issues and Ukraine war for inflation, though consumer prices up 17% since he took office
- Polls show most voters rate economy as poor, University of Michigan consumer sentiment remains low
- Interest rates jumping to curb inflation, hurting consumers with higher credit card and mortgage rates
- National debt increased by $6 trillion under Biden so far, annual deficit could hit $2 trillion