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

The majority of Congress had no use for Trump....they did not do what he wanted.....they generally did what they wanted and Trump agreed.....trying to be a team player with people who were generally out to fuck him.
 
PostmodernProphet said:
that would be true if it wasn't an outright lie.......Obama holds the record......
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Except it is not a lie, so there is that.

Trump added in 4 years almost the same amount of debt as Obama did in 8 years. So Trump WAS adding debt at record levels.

And lest we forget, Obama inherited an economy from Bush that was in shambles and required a bailout, using mass debt to keep it from collapsing into a depression. That is exactly when POTUS are supposed to use the tool of debt. Trump inherited a booming economy, which is when a POTUS is supposed to pay down debt.
 
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.
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Why did the debt increase?
 
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