re: Debt increases by president

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The main culprit was the war on drugs and militarizing the police. I genuinely don’t understand how this board sucks this man’s dick so relentlessly when he was in no way conservative.

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No, check the link I posted. The main culprit was Barrack Hussein Obama and his Cash for Clunkers, Shovel Ready Jobs, and Affordable Care Act scams. Debt went from 35% of GDP to over 50% in Obama’s first year in office.

Obama really brought change—it just wasn’t for the better.

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Quick examples:
Obama - debt went from $12T to $20T, a rise of 70%.
Trump - debt went from $20T to $28T, a rise of 40%.
There are numbers for Biden but the debt number is six months old, roughly.

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Why do you think % increases are the best way to track debt increases? Outside of fondling Trump's balls, of course.

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The best conceivable way to compare a four-year period to an eight-year period.

OP, and everyone else…..y’all are arguing over the wrong thing.

Congress holds the purse. There is a spending problem in this country. Presidents lead, but congress just can’t seem to help itself.

This is not a joe, black Jesus, nor Donald question. Two thirds of Dc needs to be cut loose. Flat tax and cut spending.

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Is that why the Soviet Union was waging a war of expansion when Reagan took office? Declining nations usually do that, right?

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You realize that every government or army ever to be involved in any conflict tries to expand their territory until they lose, right? Or do you think the USSR is the only government that’s ever operated that way?

Do you think St. Ronald Reagan single handedly caused the collapse of the Soviet Union?

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Do you think St. Ronald Reagan single handedly caused the collapse of the Soviet Union?

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The answer to that question is yes. I would leave out “single handedly,” but he is the one that drove the policies that did it. If Carter is re-elected it never happens.

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You people do realize that congress is responsible for spending money, not the president, right?

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Buck stops with the President. He can talk directly to the country if he disapproves of what is being proposed and we can put additional pressure on Congress. Then there is his veto power when the opportunity arises. Trump failed in that area during 2020. Pointing that out doesn’t make one against Trump. This was a failing of his and I would love to hear from him to see what he learned from it. Trump put his name on the damned checks that were sent out.

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How much of Trump’s debt was Covid related?

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Look at the chart I posted on page 1.

He had the exact same trend as Obama BEFORE Covid spending

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I had a modeling mentor that taught me to always be suspicious of anyone using percentages. ^ is the perfect example of why.

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There are times to use percentages and other times not to. I'm just giving what the website provided. If someone wants to do the math on inflation-adjusted dollars, and then look at percentages, they can knock themselves out on that one.

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Also that GWb number was almost all in 2008, which the outgoing president gets “credit” for, but in that year’s case it includes the massive “stimulus” bill that was passed under Obama, and TARP (which Obama got the profit credit for). Hell, the 2007 deficit was mere $160 Billion.

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This is a good point but your numbers don't really agree with what Treasury provides. The jump from FY07 to FY08 was a trillion. The big jump from 08 to 09 is probably stuff that Obama added after taking office, though. For example here are FY closeout dates with the debt amounts:
9/30/10 13561623030891.70
9/30/09 11909829003511.70
9/30/08 10024724896912.40
9/30/07 9007653372262.48
9/30/06 8506973899215.23
9/30/05 7932709661723.50
9/30/04 7379052696330.32
9/30/03 6783231062743.62
9/30/02 6228235965597.16
9/30/01 5807463412200.06

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Nope. Just as today Congress outspent revenue. Reagan wet as far as vetoing a budget bill. Congress overrode it. Not one year’s spending was at or lower than the presidential budget request. None.

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I can't find numbers on how much of each deficit belonged to military spending but 35% is a big jump and I found this: Reagan increased the defense budget by 35% to accomplish these goals. As a result, defense spending grew faster than general spending, rising from $154 billion in FY 1981 to $295 billion in FY 1989. Overall, government spending still grew; From 1981 through 1989, Reagan increased the budget by $390 billion, according to the Office of Management and Budget's historical tables. link
Defense spending alone seems to have been about 36% of the increase. Defense spending was part of his 'peace through strength' platform. As for the rest, I don't know how much was due to Congress.

Those were good points that you brought up and that site made no attempt to reconcile those things. Also, they probably should have done the math on inflation-adjustment.

It will be interesting and saddening to see where Biden ends up. He started around $28.4T, and in days we'll be at $35T. If we are adding another trillion every 100 days, this FY may end up at $36.5T, which would be a jump of over $8T in 4yrs. Also, we are well past $1T in interest alone on our debt. That is unfathomable. Biden's FY25 budget is a huge leap in the wrong the direction. He's going to break the country if he gets re-elected (re-selected).

A presidential term is about 1400 days. If we add a trillion every 100 days, Biden could take us to about $50T in debt or more. We may then approach $2T in interest payments alone.

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Trump had completely reversed Obamas crazy spending before COVID. Biden has continued the crazy COVID spending.

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Jeebus. Please make the stupid stop.

Chicken…can we raise the minimum IQ to at least 50 to post in here?