Biden Says ‘Fiscal Responsibility’ Is One Of The Values Of His Enormous $5.8 Trillion Budget Proposal
President Joe Biden unveiled his budget plan for fiscal year 2023 on Monday, claiming that the $5.8 trillion dollar proposal would slash the federal deficit and “build a better America.”
“Budgets are statements of values, and the budget I am releasing today sends a clear message that we value fiscal responsibility, safety and security at home and around the world, and the investments needed to continue our equitable growth and build a better America,” Biden said in a statement Monday announcing the plan.
In the statement, Biden claimed that his administration was “on track to reduce the federal deficit by more than $1.3 trillion this year, cutting in half the deficit from the last year of the previous Administration and delivering the largest one-year reduction in the deficit in U.S. history.” Biden added that his budget proposal would continue that progress by reducing the deficit further and supporting economic growth, while “ensuring that billionaires and large corporations pay their fair share.”- READ MORE
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