{"id":167229,"date":"2022-11-22T20:32:46","date_gmt":"2022-11-22T20:32:46","guid":{"rendered":"https:\/\/precoinnews.com\/?p=167229"},"modified":"2022-11-22T20:32:46","modified_gmt":"2022-11-22T20:32:46","slug":"twitter-gives-white-house-another-fact-check-for-deficit-claim","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/world-news\/twitter-gives-white-house-another-fact-check-for-deficit-claim\/","title":{"rendered":"Twitter gives White House ANOTHER fact check for deficit claim"},"content":{"rendered":"
The White House was pinged by Twitter after claiming the Biden administration was responsible for the biggest ever annual reduction in the deficit – with a context note pointing out that the difference between the federal governments income and expenditure was still the fourth biggest in history.<\/p>\n
It is not the first time that White House claims have been fact checked on Twitter.\u00a0<\/p>\n
Mostly recently officials deleted a tweet that took credit for a record increase in social security payments after users pointed out that it was an automatic raise based on high inflation.\u00a0<\/p>\n
This time around it came after the White House said: ‘The Biden-Harris Administration lowered the deficit with the single largest one-year reduction in American history.’<\/p>\n
Officials have frequently talked up a\u00a0$1.4 trillion reduction in the deficit.<\/p>\n
But Twitter users were quick to point out all was not as it seemed.\u00a0<\/p>\n
<\/p>\n
The Biden administration on Monday took credit for a history reduction in the deficit – or the difference between government spending and income – but Twitter users soon cried foul<\/p>\n
<\/p>\n
The tweet was quickly appended with user-generated context, pointing out that the deficit was still historically high and any reduction was exaggerated by the impact of the pandemic<\/p>\n
COVID-19 spending and reductions in tax revenues had distorted things in the two previous years they said, making this year’s deficit decrease something of a return to normal.<\/p>\n
At the same time the overall debt continues to increase and this year’s deficit is still historically big.<\/p>\n
The result was an extra message of context added to the original post.<\/p>\n
‘Readers added context they thought people might want to know,’ it said.<\/p>\n
‘COVID-driven deficits in both FY20 and 21 were roughly double the previous record (09), making the drop to FY22 sizeable.<\/p>\n
‘But the FY22 deficit is still the fourth largest in history and is 41 percent larger than FY19.’\u00a0<\/p>\n
Earlier this month, the White House\u00a0forced into an embarrassing Twitter climbdown, deleting a tweet that claimed President Joe Biden was responsible for seniors getting the biggest increase in Social Security checks in a decade.<\/p>\n
As fact checkers were quick to point out, the increase is based on the rate of inflation and required by law.<\/p>\n
At first, Twitter added a note to the original tweet.\u00a0<\/p>\n
<\/p>\n
Earlier this month, the White House boasted about increases in Social Security payments. A day later the tweet had been deleted after Twitter added a fact check<\/p>\n
<\/p>\n
The mistakes come at an embarrassing time for the White House, as Twitter’s new owner Elon Musk has worried Democrats with promises to reduce restrictions on users<\/p>\n
By lunchtime the following day the message had been deleted.<\/p>\n
The trouble began with a tweet from the official White House account.\u00a0<\/p>\n
‘Seniors are getting the biggest increase in their Social Security checks in 10 years through President Biden\u2019s leadership,’ it said.<\/p>\n
Part of that is true. Next year Social Security benefits will rise by 8.7 percent next year, which is the largest cost-of-living adjustment since 1981.\u00a0<\/p>\n
Policy experts on Twitter were quick to suggest the Biden administration was claiming credit for something that happened automatically – and which reflected historic levels of inflation.<\/p>\n
Twitter then added its fact check note.<\/p>\n
‘Seniors will receive a large Social Security benefit increase due to the annual cost of living adjustment, which is based on the inflation rate,’ it said.<\/p>\n
‘President Nixon in 1972 signed into law automatic benefit adjustment tied to the Consumer Price Index.’<\/p>\n
It included a link to the relevant legislation.\u00a0<\/p>\n
Biden’s opponents delighted in the confusion.\u00a0\u00a0<\/p>\n