This afternoon President Biden will deliver remarks on his plan to reduce the economic deficit at the International Brotherhood of Electrical Workers (IBEW) Local Union 16 in Lanham, Maryland. 

Here are some early excerpts from the President’s speech: 

Let’s be crystal clear about what’s happening.

If you add up all the proposals that my Republican friends in Congress have offered so far, they would add another $3 trillion to the debt over ten years…

When I introduce my budget in a few weeks, you’ll see that people making less than $400,000 a year will not see a single penny increase in taxes, nor have they for the past two years…

You’ll see that my budget will invest in America, lower costs, and protect and strengthen Social Security and Medicare while cutting the deficit by $2 Trillion over ten years…

Joe Biden on the deficit

?According to the White House, the President’s speech on the deficit will focus on his plan to reduce the deficit while investing in America and protecting and strengthening Social Security and Medicare. 

According to a White House official, Biden’s remarks will contrast with Republicans’ agenda to increase the debt by over $3 trillion, with a massive giveaway to big and wealthy corporations, including Big Pharma. 

“Thank the President’s economic plan, we are seeing a manufacturing book take hold across the country, with good-paying jobs, including union jobs and positions that do not require a four-year degree, being created in communities nationwide,” noted a White House official. 

In recent weeks, the President vitiated a LIUNA (Labourer’s International Union of North America) training center in Madison, Wisconsin, and a Steamfitters union hall in Virginia. During his visit, President Viden discussed his economic vision to build an economy from the bottom up and the middle out. 

“There’s a manufacturing boom going on in Wisconsin, and all across the country. And there are incredible, incredible young workers going through the apprentice program,” Biden said in a video message.


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