President Biden said on Friday that Republicans in Congress threaten to hurt the US economy, while praising the March jobs report that showed the US economy added 236,000 jobs.
“Maga’s radical congressional Republicans, on the other hand, threaten to wreak havoc on our economy with debt brinkmanship,” Biden said in a statement.
He argued that the “radical Republican agenda” would send the unprecedented investments we’ve made here in America—along with the jobs that come with it—outward. And all in order to drive more giveaways to the wealthiest Americans and big corporations.”
The unemployment rate fell to 3.5 percent and the report released on Friday showed that the labor market remained tight despite the Federal Reserve raising interest rates. Analysts had expected the economy to add 238,000 jobs and for the unemployment rate to hold steady at 3.6 percent.
“This is a good jobs report for hard-working Americans,” the president said Friday, adding that the economic recovery is due to the policies his administration has put in place.
The president also said there was more work to be done and mentioned the manufacturing tour that he and members of his administration have taken, which included trips by officials this week to Georgia, New Mexico, Michigan, Pennsylvania, South Carolina, Tennessee, and Wisconsin.
Biden has used his budget proposal to fuel attacks on Republicans and has regularly criticized a conservative group’s budget proposal. The Freedom Group is pushing to constrain discretionary funding for fiscal year 2024 at the threshold of 2024, while keeping defense funding at current levels, in order to balance the federal budget in 10 years.
A Congressional Budget Office estimate found that to reach the goal of balancing the budget in 10 years without raising taxes on the wealthy or corporations and without cutting Social Security, Medicare, Defense and some veterans’ benefits, Republicans would need to eliminate everything else in the federal government. budget.
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