boomboomsroom

President Biden was multitasking yesterday.

That unto itself is a rarity.   After all, there’s only so much time in his four-day workweek.

He was taking a victory lap on student debt loan forgiveness that he calls cancellation.  At the same time, he was stumping in Wisconsin for votes in the critical 2024 swing state.

He likes to personalize things.  While addressing debt and college, Biden said, “I, like an awful lot of people in this audience, was the first in my family to go to college, and watch my dad struggle to help me get there.”

Let’s unpack this pack of falsehoods.

First student loan debt isn’t cancelled.  Its obligation for repayment is transferred from the borrower who agreed to repay(the student) to the citizens of the US who now have to repay.    Instead of cancellation, we should call it more of the same- another pile of debt to stack on top of a mounting debt obligation.

Also, Biden wasn’t the first in his family to attend college.  How do we know?   One of the reasons we know it’s a lie is because Biden has bragged several times in the recent past about how his grandfather played college football.

Another reason why we know is because he told the same fib way back in 1987.   That is when The New York Times caught Biden making the same two contrary claims.

He was making his first run for president that year.  Yes, the “big guy” first ran for the big job nearly 40 years ago.   The NYT employed actual journalists back then.

The nearly 40-year-old article stated, “Mr. Biden had said he was the ‘first in his family ever to go to university.’ Mr. Biden said today, ‘There are Finnegans, my mother’s family, that went to college.’”  It goes on to intimate that several falsehoods drove him out of that failed campaign.

You know that old saying, “If, at first, you don’t succeed, lie, lie again.”

How about when the supposed youthful Amtrack conductor aged to the point of reminding us, “We’ve reduced the deficit by 40 million, trillion, 80 billion, pick a number, come on man, you know, no joke.”

It is a joke, except it isn’t funny.

The oldest President has at least a 50/50 chance of adding to his age record with a second term as President.

And, with yesterday’s CPI number, is it safe to assume inflation isn’t under control?  And, therefore, is it safe to assume that interest rates aren’t coming down anytime soon?  Bidenomics.

That leads us to sharply increased borrowing costs, which leads us deeper into debt.  Bidenomics.

What would George Washington have said through his wooden teeth about all of this?  It might have started with “Father, I cannot tell a lie…”

Maybe we should ask Biden what Washington said.

Surely met George during the signing of the Declaration of Independence.

No joke.