evidence: In recent speeches, President Joe Biden has been misleadingly taking credit for cutting federal deficits by historic amounts, though most of the reduction in deficits is the result of expiring emergency pandemic spending. Deficits fell between fiscal year 2020 and 2021 far less than initially projected after Biden added to them with more emergency pandemic and infrastructure spending. [...] "You know, the budget I submitted — my first budget that passed and became law, it cut the federal deficit by $350 billion," Biden said in a speech on April 19. "We cut the deficit $350 billion. And the budget I proposed this year, if it comes to total fruition, it will cut the deficit by 1 trillion 300 billion dollars. So when my Republican friends start talking about ‘big spenders’ and the reason why there’s inflation, take a look. Take a look. We’ve cut the deficit drastically. … Last year, as I said, we cut the deficit by more than 350 thousa- — billion dollars. This year, we’re on track for $1.3 trillion in cuts. And look, that would be the largest debt reduction in American history."