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Trump sends the debt skyrocketing, Biden reduces the Trump deficits, and Trump cultists blame….drumroll please….Biden!DNyuz - Latest Breaking U.S. News
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All this means is that he is no better than his recent predecessors or Congress, none of which take national debt seriously.DNyuz - Latest Breaking U.S. News
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Some day, someone will have to pay for this.All this means is that he is no better than his recent predecessors or Congress, none of which take national debt seriously.
Agreed.Some day, someone will have to pay for this.
Difference is... Trump was paying a 0% interest rate on the debt while traitor Joe is paying 5%.Trump sends the debt skyrocketing, Biden reduces the Trump deficits, and Trump cultists blame….drumroll please….Biden!
;-)
0%?Difference is... Trump was paying a 0% interest rate on the debt while traitor Joe is paying 5%.
This will make paying interest on the debt the third largest expenditure in the U.S Budget
Only President to have $31 Trillion while spending money like a kid in a candy store presently. hell, he bypassed Congress to spend $400billion like a Kingis he the ONLY president to have a deficit ? I will go get the popcorn and wait..........
Whataboutism and of course threadjackingTrump sends the debt skyrocketing, Biden reduces the Trump deficits, and Trump cultists blame….drumroll please….Biden!
;-)
You are so correct on this. Both parties spend like crazy without giving enough consideration about how and when (if ever), it will get paid back. Agreeing to spending bills without even knowing what's in them has a lot to do with that. It would be really useful if we could eliminate last minute additions (pork).All this means is that he is no better than his recent predecessors or Congress, none of which take national debt seriously.
Revenue is also way down due to 40 years of reckless income tax cuts.You are so correct on this. Both parties spend like crazy without giving enough consideration about how and when (if ever), it will get paid back. Agreeing to spending bills without even knowing what's in them has a lot to do with that. It would be really useful if we could eliminate last minute additions (pork).
Reagan/Bush quadrupled the national debt from September 1981 to September 1993. We owed $900 billion when they started.For perspective
Average percentage national debt increase by president per fiscal year
Biden: 7.5%
Trump: 8.9%
Obama: 7.2%
Bush 43: 19.1%
Clinton: 3.5%
Bush 41: 11.4%
Reagan: 14.0%
Carter: 9.3%
Ford: 13.7%
Nixon: 6.0%
Johnson: 2.5%
Kennedy: 2.5%
Eisenhower: 1.0%
Truman: 0.3%
Roosevelt: 22.6%
Hoover: 7.6%
Coolidge: -3.6%
Harding: -3.3%
Wilson: 30.1%
Taft: 3.6%
Putting Biden 3rd among the last 5, 7th among the last 10, or 10th among the last 20 for increasing debt
And let us recall that Clinton left behind surpluses for GWB, and GWB and the GOP promptly converted those surpluses into then-record deficits, principally through massive tax cuts for the fatcats. They should regret that, but I’m sure they don’t.For perspective
Average percentage national debt increase by president per fiscal year
Biden: 7.5%
Trump: 8.9%
Obama: 7.2%
Bush 43: 19.1%
Clinton: 3.5%
Bush 41: 11.4%
Reagan: 14.0%
Carter: 9.3%
Ford: 13.7%
Nixon: 6.0%
Johnson: 2.5%
Kennedy: 2.5%
Eisenhower: 1.0%
Truman: 0.3%
Roosevelt: 22.6%
Hoover: 7.6%
Coolidge: -3.6%
Harding: -3.3%
Wilson: 30.1%
Taft: 3.6%
Putting Biden 3rd among the last 5, 7th among the last 10, or 10th among the last 20 for increasing debt
And then GWB left an economy circling the drain in 2009 with huge spending bills being passed by congress that would be implemented over the next three years. So a declining federal revenue stream and an increasing demand on federal money.And let us recall that Clinton left behind surpluses for GWB, and GWB and the GOP promptly converted those surpluses into then-record deficits, principally through massive tax cuts for the fatcats. They should regret that, but I’m sure they don’t.