President Joe Biden refused to accept any responsibility for the nation’s crippling inflation rate Friday, instead blaming record-high prices on Donald Trump. "My Republican colleagues say these programs to help the working-class and middle-class people – they say that's why we have inflation. They're dead wrong. Under my predecessor, the great MAGA king, the deficit increased every single year,” claimed Biden. “The first year of my presidency I reduced the deficit by $350 billion. Just in the first year,” explained the President. “This year, we’re on track to cut the federal deficit by $1.5 trillion. The biggest decline in debt in American history.” Watch Biden’s comments above.