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Message
Debt increases by president
Posted on 4/20/24 at 6:06 pm
Posted on 4/20/24 at 6:06 pm
Debt by each president
Just passing this link along - interesting site with a lot of numbers and information on how the debt changed with each of our presidents and key events in their terms that had an effect on this.
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.
George W. Bush increased debt by 105%. I'd forgotten it was that much of a change.
Reagan increased it by 186%. There is some debate about Reagan's policies, and I believe the main culprit was increasing defense spending by 35%.
Anyway, it's interesting if you want to see how it changed through all of our presidents.
Just passing this link along - interesting site with a lot of numbers and information on how the debt changed with each of our presidents and key events in their terms that had an effect on this.
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.
George W. Bush increased debt by 105%. I'd forgotten it was that much of a change.
Reagan increased it by 186%. There is some debate about Reagan's policies, and I believe the main culprit was increasing defense spending by 35%.
Anyway, it's interesting if you want to see how it changed through all of our presidents.
27
Posted on 4/20/24 at 6:08 pm to POTUS2024
But slowflow and rogerthecucker said all the inflation is soley on Orange bad
Posted on 4/20/24 at 6:14 pm to POTUS2024
Trump had completely reversed Obamas crazy spending before COVID.
Biden has continued the crazy COVID spending.
Biden has continued the crazy COVID spending.
Posted on 4/20/24 at 6:34 pm to moneyg
quote:
Trump had completely reversed Obamas crazy spending before COVID.
The frick he did.
Are you being dishonest or are you just woefully ignorant?
Posted on 4/20/24 at 6:36 pm to moneyg
quote:
Trump had completely reversed Obamas crazy spending before COVID.
Posted on 4/20/24 at 6:49 pm to POTUS2024
The debt will continue to explode no matter who the president is. The actual president really can't do much to stop it at this point
Posted on 4/20/24 at 6:53 pm to Pelican fan99
quote:
The actual president really can't do much to stop it at this point
Eventually, the response will be higher taxes. There is no willpower to touch military or entitlement spending.
Posted on 4/20/24 at 6:58 pm to Pelican fan99
quote:
The debt will continue to explode no matter who the president is. The actual president really can't do much to stop it at this point
Mostly because he is brain dead
Posted on 4/20/24 at 7:02 pm to POTUS2024
quote:
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.
Why do you think % increases are the best way to track debt increases? Outside of fondling Trump's balls, of course.
Posted on 4/20/24 at 7:04 pm to Azkiger
quote:
Why do you think % increases are the best way to track debt increases? Outside of fondling Trump's balls, of course.
And in fairness, it should be noted that Trump ran up his debt in 4 years to Obama's 8.
Posted on 4/20/24 at 7:05 pm to POTUS2024
One small detail -
Obama - debt went from $12T to $20T in 8 yrs
Trump - debt went from $20T to $28T in 4 yrs
Obama - debt went from $12T to $20T in 8 yrs
Trump - debt went from $20T to $28T in 4 yrs
Posted on 4/20/24 at 7:05 pm to David_DJS
Way to defend your boy
Posted on 4/20/24 at 7:06 pm to POTUS2024
Frick the percentages. Just give us the increase in US dollars. But that wouldn’t fit your narrative would it?
Posted on 4/20/24 at 7:07 pm to moneyg
quote:
Trump had completely reversed Obamas crazy spending before COVID.
No he didn't
Posted on 4/20/24 at 7:08 pm to POTUS2024
quote:I had a modeling mentor that taught me to always be suspicious of anyone using percentages. ^ is the perfect example of why.
George W. Bush increased debt by 105%. I'd forgotten it was that much of a change.
Reagan increased it by 186%.
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.
quote: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.
There is some debate about Reagan's policies, and I believe the main culprit was increasing defense spending by 35%.
Posted on 4/20/24 at 7:09 pm to momentoftruth87
quote:
Way to defend your boy
I guess I don't see my post as defending Trump. Are you enthusiastic about deficit spending, or something?
Posted on 4/20/24 at 7:10 pm to moneyg
quote:
Trump had completely reversed Obamas crazy spending before COVID.
No. Not one budget included any cuts year over year. Most of the pre-2020 spending was predetermined under the Obama admin, though. But none of that was cut. 
Posted on 4/20/24 at 7:12 pm to POTUS2024
Shouldn't it be counted by House speakers?
Posted on 4/20/24 at 7:12 pm to RogerTheShrubber
quote:Anf that will fail. The “rich” don’t have enough income to balance the current budget. Even if you took all of it above $1m. You’d only do that once, since capital is mobile. The famine would be devastating.
Eventually, the response will be higher taxes
Posted on 4/20/24 at 7:13 pm to David_DJS
quote:
The frick he did. Are you being dishonest or are you just woefully ignorant?
Could you provide the rate of increase from 2017-2019 to support your theory?
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