On Monday, President Biden released a budget proposal calling for the highest sustained level of government spending in American history. Unfortunately, despite record-high inflation caused by his administration's reckless and out-of-control spending, President Biden's budget request fails to fight inflation and leaves our military woefully unprepared if enacted as is. Instead, it uses budget tricks and misguided projections, combined with already-expiring spending programs, to forecast an unrealistic decrease in the deficit, all while raising taxes. In fact, the White House assumed inflation would only be 2.3 percent for this year when, in reality, the actual inflation rate is running at 7.9 percent. Furthermore, they used an extremely low interest rate forecast, even though the Federal Reserve recently raised interest rates and signaled more rate increases would be on the way. Worst of all, they take credit for the temporary spending programs used to combat the pandemic that are already set to expire and are calling it a spending cut. The only explanation for such drastic errors and misguided messaging is that the Biden administration intentionally wanted to mislead the American people and save face for a failed first year of one-party Democratic control. It is absurd that President Biden thinks he can pull the wool over the American people's eyes and fool them into thinking he has taken the issues of inflation, the debt, and the deficit seriously.…
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