Today, Citizens Against Government Waste (CAGW) named Treasury Secretary Janet Yellen our April 2023 Porker of the Month for declaring that President Biden’s “budget will deliver deficit reduction.”
Secretary Yellen claimed the budget “builds on economic progress” and makes “smart, fiscally sound investments.” But President Biden’s $6.9 trillion budget for fiscal year 2024 would increase the debt by 77 percent in 10 years from $24.6 trillion to $43.6 trillion and destroy the U.S. economy. Yet Secretary Yellen claimed that “fiscal discipline remains a central priority in our budget.” Since President Biden named Yellen as his Treasury secretary, spending has skyrocketed, and fiscal discipline has been nonexistent. She even admitted that President Biden’s $1.9 trillion “rescue plan” added to inflation. Throughout her tenure, Secretary Yellen has been leading the way inside the administration to waste the taxpayers’ money, leading to her being named CAGW’s Porker of the Month in both October 2021 and today.
CAGW President Tom Schatz said, “President Biden’s budget is full of new taxes and excessive spending, and Secretary Yellen is putting taxpayers in danger by saying it will reduce the deficit. President Biden’s costly polices have already added $3.7 trillion to the national debt since January 2021. Secretary Yellen cannot credibly claim that the administration is being fiscally responsible and trying to save money. For her skewed declarations of deficit reduction, Secretary Yellen is an obvious choice for CAGW’s April 2023 Porker of the Month.”
Citizens Against Government Waste is a nonpartisan, nonprofit organization dedicated to eliminating waste, fraud, abuse, and mismanagement in government. For more than two decades, Porker of the Month is a dubious honor given to lawmakers and government officials who have shown a blatant disregard for the taxpayers.
View source version on businesswire.com: https://www.businesswire.com/news/home/20230425006077/en/
Contacts
Alexandra Abrams (202) 467-5310
aabrams@cagw.org
