trump came in with a low deficit, and left with a much higher deficit. That is called increasing the deficit. Do you see how that works?
No, apparently you do not see how that works. As long as he reduced the deficit, he could have more average deficit, and still say he reduced the deficit. It takes longer to reduce than to increase the deficit, so the reducers will have a higher average.
Derp...
Deficits are a yearly number, so neither number is the deficit.
Adding the years together you get a "total deficit spending" for the term.
Which, in MAGAland, means it's okay for Trump to increase both inflation and the deficit too.
If you slam on the breaks, you are stopping. If you slam on the accelerator, you are speeding up. It has nothing to do with how far you go.
Yet, if you are spending more, then you are spending more.
We've got Crazy Trump and the Scum-lican to thank for this.Well, thanks to profligate spending, particularly by the last three presidents, Moody's is downgrading the US credit rating from AAA to Aa1.
Moody's strips U.S. government of top credit rating over failure to rein in debt
Moody’s is the last of the three major rating agencies to lower the federal government’s credit. Standard & Poor’s downgraded federal debt in 2011 and Fitch Ratings followed in 2023.www.pbs.org
The Republicans in Congress want to get rid of many Biden and Obama tax credits and breaks especially for things like climate change and green initiatives, along with federal support for expanded Medicare (Obama via Obamacare). On that last one, the chickens have come home to roost, so-to-speak.
The Democrats oppose all of that and want instead to raise taxes, particularly on "The Rich."
And if you are borrowing more, then you are borrowing more. trump plan is to more than double the national debt, while interest rates are tripled... I wonder how much more it will cost to service the national debt... Wait, we can do the math on this... It will cost 6 times more to service the national debt. Which starts looking like the entire budget.
Again, I am not saying that his current plan is to spend less than Biden. In fact I said that each successive President seems to make a point of beating the past guy, like it's a score in a game of tennis.
You are bouncing around. Every president has spent more than the previous president since the 1950's. We have an increasing population, a hopefully increasing economy, with more demand for government services. Spending is going to increase.
But, the big spending increases have all--ALL--come since the late 1930's with the introduction of income tax and the social-welfare state that followed that. Today, almost two out of three federal tax dollars is going to support that social-welfare state and that is where most of the increases in spending are coming from.
Is Trump's "Big, Beautiful Bill" spending more or is it spending less?
As I said before, you moron, more. Ask again and the answer will be the same again.
You are moronic. Your braindead hero increased deficit spending, he had MORE deficit spending in 4 years than his predecessor had in 4 years. Obama had far more deficit spending than Bush, Trump was on a path to get there after Obama, but lost the election so Biden finished that up by increasing deficit spending higher than Trump's...
The deficit in 2001 was a surplus of $130 billion. Bush turned that into a deficit of $1.41 trillion by 2009, which is called increasing the deficit. Bush took that $1.41 trillion deficit and by 2016 decreased it to $580 billion. That is called decreasing the deficit. Then trump increased it to $3.13 trillion. Again, that is called increasing the deficit, because the deficit increased. Finally Biden decreased that to $1.86 trillion, which is called decreasing.
I am noticing that Damocles is getting more angry the more the facts go against him.
So Trump is a Spender just like the Democrats. Thanks for clearing that up. The fact he's proving to be a National Socialist is very interesting.
Biden passed an infrastructure bill to fix the decaying American infrastructure . Now, Repubs are saying the airports need upgrading.
Again, you try to pretend that both do not spend like drunken politicians. Each successive Presidency outdoes the previous in deficit spending. "It was because he was <insert excuse here>" doesn't cut it.
