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re: Debt increases by president
Posted on 4/20/24 at 7:02 pm to POTUS2024
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.
5
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 7:59 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.
I am quoting the numbers from the site. It's not my analysis. When I say I'm giving examples, that should be a clear indicator. Some of you just look for ways to get angry.
Posted on 4/20/24 at 8:27 pm to Azkiger
quote:The best conceivable way to compare a four-year period to an eight-year period.
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.quote:
Why do you think % increases are the best way to track debt increases? Outside of fondling Trump's balls, of course.
Posted on 4/21/24 at 5:58 am to Azkiger
2008...$10,025
2009...$11,910
2010...$13,562
2011...$14,790
2012...$16,066
2013...$16,738
2014...$17,824
2015...$18,151
2016...$19,573
2017...$20,245...Congress raised the debt ceiling
2018...$21,516...Trump tax cuts
2019...$22,719
2020...$26,945...COVID-19 and recession
2021...$28,428...American Rescue Plan Act
2022...$30,928...Inflation Reduction Act
2023...$33,167
2024...$34,280+...And Counting....
Trump was adding 1.2T annually before Covid, which was about on par with Obummer. Biden on the other hand…2.5 trillion annually.
2009...$11,910
2010...$13,562
2011...$14,790
2012...$16,066
2013...$16,738
2014...$17,824
2015...$18,151
2016...$19,573
2017...$20,245...Congress raised the debt ceiling
2018...$21,516...Trump tax cuts
2019...$22,719
2020...$26,945...COVID-19 and recession
2021...$28,428...American Rescue Plan Act
2022...$30,928...Inflation Reduction Act
2023...$33,167
2024...$34,280+...And Counting....
Trump was adding 1.2T annually before Covid, which was about on par with Obummer. Biden on the other hand…2.5 trillion annually.
Posted on 4/21/24 at 8:35 am to Azkiger
quote:You should look at both percentages and actual dollar amounts because the value of a dollar is less over time and presidents who’ve inherited bigger and bigger debts also inherited bigger and bigger debt interest payments as part of their budget.
Why do you think % increases are the best way to track debt increases?
Running a $500 billion deficit 25 years ago would’ve been a lot worse than the same dollar amount today because of normal inflation (not Biden-flation) and a much smaller amount of the budget going towards interest payments on previous debt
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