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They just can't tell the truth.
Bendintheriver
Member Posts: 5,292
in Tug Tavern
Serious question: Is there one honest rat in the country?
https://www.msn.com/en-us/news/politics/biden-makes-series-of-false-claims-as-he-addresses-labor-unions-and-gets-angry-as-he-slams-lies/ar-AAYtkUx?ocid=entnewsntp&cvid=90c2f9f150774a4f8b17f8fd59d61761
President Joe Biden told the largest federation of labor unions on Tuesday that he's working to rebuild the U.S. economy around workers - while at one point falsely declaring that families have less debt and more savings than when he took office.
'Since I took office, with your help, families are carrying less debt nationwide. They have more savings nationwide,' Biden said.
But despite the president's pronouncements, data from the Federal Reserve shows that household debt has increased by over $1.5trillion since Biden took office in January 2021.
And the country's credit card debt is at record highs as well after jumping nearly 20% during the month of April to $1.103 trillion. The previous pre-pandemic record was $1.1 trillion.
Americans' savings accounts have also shrunk by more than $9,000 over the past year - from $73,100 in 2021 to $62,086 in 2022 - according to a survey from wealth management company Northwestern Mutual.
https://www.msn.com/en-us/news/politics/biden-makes-series-of-false-claims-as-he-addresses-labor-unions-and-gets-angry-as-he-slams-lies/ar-AAYtkUx?ocid=entnewsntp&cvid=90c2f9f150774a4f8b17f8fd59d61761
President Joe Biden told the largest federation of labor unions on Tuesday that he's working to rebuild the U.S. economy around workers - while at one point falsely declaring that families have less debt and more savings than when he took office.
'Since I took office, with your help, families are carrying less debt nationwide. They have more savings nationwide,' Biden said.
But despite the president's pronouncements, data from the Federal Reserve shows that household debt has increased by over $1.5trillion since Biden took office in January 2021.
And the country's credit card debt is at record highs as well after jumping nearly 20% during the month of April to $1.103 trillion. The previous pre-pandemic record was $1.1 trillion.
Americans' savings accounts have also shrunk by more than $9,000 over the past year - from $73,100 in 2021 to $62,086 in 2022 - according to a survey from wealth management company Northwestern Mutual.
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Also in France, Italy and CHINA. Just to name a few. But he really, really, really cares so it’s all good. Remember that the next time you’re filling up at Costco. Joey has the cares for you.