Biden celebrates deficit reduction, but only cut our ‘401k to 201k’: McCarthy

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President Biden attended an AFL-CIO event in Pennsylvania’s largest city on Tuesday and took credit for cutting the U.S. deficit by $350 billion, a sign the economy is strong despite a rapid inflation.

In response, House Minority Leader Kevin McCarthy, R-California, told “Jesse Watters Primetime” that the only thing the president slashed was Americans’ Internal Revenue retirement accounts. Code 401k.

“Joe Biden didn’t cut the deficit. The only thing he cut was my 401k to 201k,” he said. “And when you look at it, the only thing he’s given the American public is a car payment without the car – we’re now spending $450 more a month – everything is costing us more because of inflation.”

McCarthy added that Biden has also made every US city a “border city” with his open border policies and lax evictions.

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McCarthy
(AP/J. Scott Applewhite)

He added that many media outlets are finally struggling to defend the president and recognize that the Hunter Biden laptop scandal, first broke by the New York Post, is true and that inflation is not ‘transitional’. as Treasury Secretary Janet Yellen said.

“They’re figuring out that America is hurting. They’re figuring out that the approval rating is so low, they’re figuring out that his very first day in office is when he started to raise gas prices – when it cuts the pipeline, to reduce our ability to have American jobs and American energy independence by drilling on federal and other lands.”

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“We told them it would happen, but they were just Republicans until [former Treasury Secretary] Larry Summers told him he would bring inflation back if he passed this $2 trillion bill that just brought us back inflation.”

“And [Biden] just deny it, deny it, deny it.”

He added that the biggest recent example of the anti-Biden pivot occurred just north of him, when the liberal San Franciscans pushed back on their district attorney, Chesa Boudin, and fired him from office during a a recall election.

Boudin, the son of two former Weather Underground members linked to the 1981 Brinks robbery in Clarkstown, NY, lost his recall by 40% to 60% in the Blue Bastion of the Bay.

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