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Trump’s legacy: $8 trillion-plus in added debt in one term
Posted on 1/8/21 at 3:09 pm
Posted on 1/8/21 at 3:09 pm
LINK
quote:
President Trump promised in the 2016 campaign to eliminate the federal debt over a two-term presidency. That pledge won't come to fruition, and, in fact, he will leave office having added massively to the debt.
“His tenure has been marked by a total disregard for any concern about mounting debt,” said Jim Capretta, a resident fellow at the American Enterprise Institute, a right-leaning think tank in Washington, D.C.
When Trump was inaugurated on Jan. 20, 2017, the total national debt was nearly $20 trillion, according to the Treasury Department. It has increased over roughly 30% since, nearly $8 trillion, to $27 trillion, as of Monday.
For comparison, President Barack Obama added roughly $9 trillion to the national debt during his eight years in office, according to the Treasury Department.
23
Posted on 1/8/21 at 3:10 pm to RollTide4Ever
The scary part is Biden will add $16 trillion in his term.
Posted on 1/8/21 at 3:10 pm to RollTide4Ever
Do tell us how he should have prevented it.
Posted on 1/8/21 at 3:10 pm to RollTide4Ever
Crumbs...
Posted on 1/8/21 at 3:10 pm to RollTide4Ever
Budgets are created by Congress...
Posted on 1/8/21 at 3:11 pm to RollTide4Ever
I'm sure covid had nothing to do with this.
Posted on 1/8/21 at 3:11 pm to RollTide4Ever
spenders spend
Posted on 1/8/21 at 3:11 pm to RollTide4Ever
Hold Joe’s beer...
Posted on 1/8/21 at 3:12 pm to RollTide4Ever
Easy to grow the economy when you just print new money.
Posted on 1/8/21 at 3:13 pm to RollTide4Ever
The debt exploded under Obama (really before but it really took off then) and there really was no chance of stopping it. It is only going to get worse
Posted on 1/8/21 at 3:14 pm to RollTide4Ever
It was as if he and the democrats were in a race to throw away money.
Honest democrats should admit they loved his spending.
Honest democrats should admit they loved his spending.
Posted on 1/8/21 at 3:14 pm to RollTide4Ever
He would've been crucified by the left if he demanded a balanced budget.
Posted on 1/8/21 at 3:16 pm to RollTide4Ever
Yeah, that's what happens when your foreign enemies unleash a biological weapon on your country, and your domestic enemies use it to their advantage.
Posted on 1/8/21 at 3:16 pm to RollTide4Ever
He lowered everyone’s taxes, had the lowest amount of people on welfare, gas was less than $2 a gallon, cost of living affordable, jobs before Covid were plentiful, got ride of the $695 yearly penalty for not affording health insurance. I never heard anyone complain they couldn’t afford gas or couldn’t find a job under President Trump. God bless President Trump!
Posted on 1/8/21 at 3:16 pm to Wally Sparks
quote:i mean he tried to propose all kinds of cuts his first year and they lost their minds over it
He would've been crucified by the left if he demanded a balanced budget.
Posted on 1/8/21 at 3:16 pm to TigerB8
quote:By not exploding the military budget and going too far in cutting taxes.
Do tell us how he should have prevented it.
Posted on 1/8/21 at 3:16 pm to RollTide4Ever
So COVID isn't addressed by this clown?
Posted on 1/8/21 at 3:17 pm to TigerB8
Cut military spending for one thing. Hold nightly speeches to the nation on this debt problem. Come up with ways to make gov't more efficient.
Posted on 1/8/21 at 3:18 pm to RollTide4Ever
Covid
Obama had about 10 million in 8 years and Trump was sitting at 2 million after 3.
Obamas % change first 2 years, 32.7% increase.
Trumps % change first 2 years, 9.7% increase.
Obama had about 10 million in 8 years and Trump was sitting at 2 million after 3.
Obamas % change first 2 years, 32.7% increase.
Trumps % change first 2 years, 9.7% increase.
This post was edited on 1/8/21 at 3:22 pm
Posted on 1/8/21 at 3:18 pm to Dawgfanman
quote:A duty Congress has refused since at least GW's 2nd term.
Budgets are created by Congress...
Quora .com
quote:
The last time Congress passed all 12 appropriations bills was 2006
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