President Joe Biden took a moment to insult Republicans while speaking during a keynote speech.
“They’re gonna talk about big-spending Democrats again. Guess what? I reduced the deficit last year $350 billion. This year, federal deficit is down $1 trillion-plus. That’s a fact,” Biden said while speaking at the National Action Network’s (NAN) annual breakfast.
He added, “And there’s gonna be hundreds of billions reduced over the next decade. But so what? These guys are the fiscally demented, I think. They don’t quite get it.”
Watch his remarks below:
Joe Biden: Republicans are "fiscally demented." pic.twitter.com/yMHELTWHxR
— Townhall.com (@townhallcom) January 16, 2023
Twitter users weighed in on what they thought of Biden’s remarks.
One user tweeted, “The price of a dozen eggs would like a word…”
The price of a dozen eggs would like a word…
— Cameron Arcand (@cameron_arcand) January 16, 2023
Another wrote, “Bad choice of word Joe.”
Bad choice of word Joe.
— EireRogue00 (@Eirerogue00) January 16, 2023
One tweet suggested, “Seriously we need a full physical and mental health examination, asap made public.”
https://twitter.com/ABrown57969898/status/1615055983935655937
The president took aim at Republicans just days ago following the inflation report.
“Today’s inflation numbers are good news, good news about our economy,” he said.
Biden added, “We have more work to do, but we’re on the right track. We’re seeing bright spots across the country where great things are happening.”
Criticizing Republicans, he explained, “House Republicans campaigned on inflation. They didn’t say their plan if elected was to make inflation worse.”
The report showed the annual inflation rate dropped from 7.1% in November to 6.5% in December.
Still, Treasury Secretary Janet L. Yellen issued another warning about the economy Friday.
Yellen told Congress she would have to begin implementing “extraordinary measures” to pay the government’s bills if lawmakers are unable to increase the debt limit, as The New York Times reported.
“Failure to meet the government’s obligations would cause irreparable harm to the U.S. economy, the livelihoods of all Americans and global financial stability,” Yellen said.
The outlet noted Biden has said he would not negotiate over the debt limit and Congress needs to raise it.