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re: Would we be in a recession under a Trump second term?
Posted on 7/28/22 at 10:45 am to Lsuhoohoo
Posted on 7/28/22 at 10:45 am to Lsuhoohoo
At the end of 2020 our national debt was $26.9 trillion. Of that, Trump was responsible for $6.7 trillion. That's 25% created by Trump. A so called conservative. So, no. I dont think we'd be doing that much better.
3
Posted on 7/28/22 at 10:51 am to gobnugget
quote:
At the end of 2020 our national debt was $26.9 trillion. Of that, Trump was responsible for $6.7 trillion. That's 25% created by Trump. A so called conservative. So, no. I dont think we'd be doing that much better.
How much of that was the COVID related stimulus....I mean hindsight is 20/20 but a once in a 100 year pandemic, I sort of have to give him a pass....we were doing great right up until spring 2020
Posted on 7/28/22 at 10:52 am to gobnugget
quote:
At the end of 2020 our national debt was $26.9 trillion. Of that, Trump was responsible for $6.7 trillion. That's 25% created by Trump. A so called conservative. So, no. I dont think we'd be doing that much better.
Funny that the Trump worshipers think of him as some kind of fiscal conservative and economic genius. He was not.
Posted on 7/28/22 at 10:53 am to gobnugget
Now tell me WHO was responsible for these spending packages. What were these trillions used for?
quote:
On President Trump's first day in office (January 2017), the total debt load of the nation was $19.947 trillion.
So, over the course of a little less than 4 years, the United States added roughly $7.733 trillion in debt.
Just before the COVID-19 pandemic started in the United States, the national debt load of the country was $23.442 trillion. So, despite the relatively strong economy, the country had still added $3.5 trillion in debt.
Since the start of the pandemic, the nation has added an additional $4.24 trillion in debt, all over the course of 10 months. This number will continue to expand rapidly over the foreseeable future, as more stimulus is expected under President-elect Joe Biden.
This post was edited on 7/28/22 at 10:59 am
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