Trump ran up national debt twice as much as Biden: new analysis

NakedHunterBiden

NakedHunterBiden

“It’s the Great Pumpkin, Charlie Brown”

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Former President Trump ran up the national debt by about twice as much as President Biden, according to a new analysis of their fiscal track records.
Why it matters: The winner of November's election faces a gloomy fiscal outlook, with rapidly rising debt levels at a time when interest rates are already high and demographic pressure on retirement programs is rising.

  • Both candidates bear a share of the responsibility, as each added trillions to that tally while in office.
  • But Trump's contribution was significantly higher, according to the fiscal watchdogs at the Committee for a Responsible Federal Budget, thanks to both tax cuts and spending deals struck in his four years in the White House.
By the numbers: Trump added $8.4 trillion in borrowing over a ten-year window, CRFB finds in a report out this morning.

  • Biden's figure clocks in at $4.3 trillion with seven months remaining in his term.
  • If you exclude COVID relief spending from the tally, the numbers are $4.8 trillion for Trump and $2.2 trillion for Biden.
 
cheap fake videos........

five trillion of Trump's federal spending was the result of Nancy Pelosi's 2020 budget..........in truth while Nancy headed the Demmycrat party in the House she added $25T of our $33T national debt......
 
PostmodernProphet said:
cheap fake videos........

five trillion of Trump's federal spending was the result of Nancy Pelosi's 2020 budget..........in truth while Nancy headed the Demmycrat party in the House she added $25T of our $33T national debt......
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And Nancy Pelosi's budget (the bipartisan budget passed) was to cover the MASSIVE deficits Trump via his tax cuts was generating, via raising the debt ceiling to cover them as revenues plummeted.

Only the most stupid of Magats deny Trump's deficits. Almost all right media blame him for that element.

You being the most stupid of the stupid push this idea that if Nancy Pelosi did not allow a default and instead voted to pay Trumps debt via raising the debt ceiling, then she, somehow owns.

If Nancy Pelosi refused to cover the debt, it was still there, as Trumps tax cuts generated it. She did not create that debt, she just saved America defaulting on it.
 
Huge tax cuts to the wealthy and corporations result in huge increases in the debt. It is simple math. Back in Nixon's terms, they said the debt does not matter. The Repubs have governed that way since. Their vision of America is moving wealth and power to the wealthiest people in the land. They are working toward oligopoly and concentration of power.
Can you imagine people thinking Trump understands and cares about their problems?
 
Covid payouts were from CONGRESS, not Trump. And Covid payouts were the biggest factor.


More gaslighting from the low info/lying left.
 
Nordberg said:
Huge tax cuts to the wealthy and corporations result in huge increases in the debt. It is simple math. Back in Nixon's terms, they said the debt does not matter. The Repubs have governed that way since. Their vision of America is moving wealth and power to the wealthiest people in the land. They are working toward oligopoly and concentration of power.
Can you imagine people thinking Trump understands and cares about their problems?
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Except that tax revenue INCREASED SIGNIFICANTLY following the Trump tax cuts, which BIDEN IS STILL LEANING ON, btw.
 
NakedHunterBiden said:

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Former President Trump ran up the national debt by about twice as much as President Biden, according to a new analysis of their fiscal track records.
Why it matters: The winner of November's election faces a gloomy fiscal outlook, with rapidly rising debt levels at a time when interest rates are already high and demographic pressure on retirement programs is rising.

  • Both candidates bear a share of the responsibility, as each added trillions to that tally while in office.
  • But Trump's contribution was significantly higher, according to the fiscal watchdogs at the Committee for a Responsible Federal Budget, thanks to both tax cuts and spending deals struck in his four years in the White House.
By the numbers: Trump added $8.4 trillion in borrowing over a ten-year window, CRFB finds in a report out this morning.

  • Biden's figure clocks in at $4.3 trillion with seven months remaining in his term.
  • If you exclude COVID relief spending from the tally, the numbers are $4.8 trillion for Trump and $2.2 trillion for Biden.
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We've seen this already from the supposed JPP lawyer Jarod. Even he was smart enough to abandon this bullshit. That is jarods link below that he used to start his thread about this very topic. But in his own link we find the following:

The two parties add to the debt in different ways, with Republicans doing it mostly through bipartisan legislation and Democrats doing it more through executive actions, the CRFB says in a preview of future work.
Seventy-seven percent of the Trump administration’s additions to the national debt were attributable to bipartisan legislation, while 23 percent came from bills and actions with little to no bipartisan support.
For the Biden administration, 29 percent of additional debt has come from bipartisan laws, while 71 percent came from unilateral decisions."



 
NakedHunterBiden said:

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www.axios.com


Former President Trump ran up the national debt by about twice as much as President Biden, according to a new analysis of their fiscal track records.
Why it matters: The winner of November's election faces a gloomy fiscal outlook, with rapidly rising debt levels at a time when interest rates are already high and demographic pressure on retirement programs is rising.

  • Both candidates bear a share of the responsibility, as each added trillions to that tally while in office.
  • But Trump's contribution was significantly higher, according to the fiscal watchdogs at the Committee for a Responsible Federal Budget, thanks to both tax cuts and spending deals struck in his four years in the White House.
By the numbers: Trump added $8.4 trillion in borrowing over a ten-year window, CRFB finds in a report out this morning.

  • Biden's figure clocks in at $4.3 trillion with seven months remaining in his term.
  • If you exclude COVID relief spending from the tally, the numbers are $4.8 trillion for Trump and $2.2 trillion for Biden.
Click to expand...

The desperation of your lies is amusing.
 
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