Contrary to repeated claims by President Biden and other Democrats that they decreased deficits by nearly $2 trillion over the past two years, they actually increased them by roughly $1 trillion. When Biden entered office, the Congressional Budget Office was projecting that deficits were on course to decline by $2.95 trillion in 2021 and 2022 due to the expiration of pandemic spending. Instead, deficits fell by just $2.11 trillion mainly because Democrats increased spending on wide-ranging social welfare programs and bailouts for state/local governments and private union pension funds. Consequently, Democrats' actions increased the deficits by $840 billion.