Biden Is Set to Detail at Least $2 Trillion in Measures to Reduce Deficits

Contributing sentiments towards policy:

60% : Those include his 2021 economic aid law and debt relief for certain student loan borrowers, which is under challenge at the Supreme Court.
49% : Those increases are being driven in part by the rising costs of Medicare and Social Security as members of the baby boom generation retire, and by the growing cost of servicing the nation's $31.4 trillion debt following a series of rapid interest rate increases by the Federal Reserve in a bid to tame high inflation.
45% : The federal government has run deficits every year since 2000, spending more money than it receives in tax revenue.
43% : But he has said repeatedly he is open to reducing deficits by raising taxes on corporations and the rich.
38% : Mr. Biden has refused to negotiate over the debt limit and has said he will not cut benefits for Social Security or Medicare, two popular safety net programs.
34% : Mr. Biden previewed his budgetary deficit reduction in his State of the Union speech, saying that "the plan I'm going to show you is going to cut the deficit by another $2 trillion" without cutting "a single bit of Medicare or Social Security."
27% : House Republicans have refused to raise the nation's debt limit, which caps how much money the federal government can borrow, unless Mr. Biden agrees to steep cuts in federal spending.

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