Trump ran up national debt twice as much as Biden

[Pad_Foot]

Bill Clinton was the last president to have a balanced budget. Just sayin'.

And then we elected Bush the Second, electorally. (Sort of)
Gore would have kept us on the right path!

 

[SmokingFap]

And then we elected Bush the Second, electorally. (Sort of)
Gore would have kept us on the right path!

Actually, the Supreme Court elected W, but Al was gracious enough when that decision was handed down, even though it turned out he actually won.

(oops. trigger warning, 'pubs.)

 

[MajorRewrite]

And then we elected Bush the Second, electorally. (Sort of)
Gore would have kept us on the right path!

Couldn’t have been worse than Kid Bush.

George W Bush more than doubled the national debt under his watch. 105% increase.

Irresponsible SOB.

 

[SmokingFap]

Couldn’t have been worse than Kid Bush.

George W Bush more than doubled the national debt under his watch. 105% increase.

Irresponsible SOB.

Don't forget Reagan!

 

[MajorRewrite]

Don't forget Reagan!

Certainly can’t forget him. Ronnie Reagan almost tripled the national debt. 186% increase.

Unprecedented for any administration except those fighting a world war. Ronnie was king of the jackasses.

 

[icanhelp1]

Certainly can’t forget him. Ronnie Reagan almost tripled the national debt. 186% increase.

Unprecedented for any administration except those fighting a world war. Ronnie was king of the jackasses.

The unemployment rate rose from 7% in 1980 to 11% in 1982, then declined to 5% in 1988. The inflation rate declined from 10% in 1980 to 4% in 1988. Some economists have stated that Reagan's policies were an important part of bringing about the third longest peacetime economic expansion in U.S. history. And he built up our military which helped to bring about detente.

 

[Bn2f]

The unemployment rate rose from 7% in 1980 to 11% in 1982, then declined to 5% in 1988. The inflation rate declined from 10% in 1980 to 4% in 1988. Some economists have stated that Reagan's policies were an important part of bringing about the third longest peacetime economic expansion in U.S. history. And he built up our military which helped to bring about detente.

The mostly funny and forgotten thing about Reagan is that to finance his corporate friendly trickle down economics he was forced to raise taxes 11x during his presidency. Always a big laugh around those who were once a part of a vibrant American middle class.

 

[dkovic77]

Plus, isn’t Reagan a RINO to these MAGA dipshits? Just asking for a friend.

I’m sure more than one of them here has said it, it might have been carbon-boy (the derp is strong with this one), fry guy (aka traitor tater), or Wrongguide (Daddy Vlady’s bitch). Baby boobs is too busy looking for the red arm band angle since he has that strong family connection.

 

[domroger]

Huh. A sane, intelligent response. Congratulations.

Must be a fluke.

 

[JohnEngelman]

 

[icanhelp1]

Which President Contributed the Most to U.S. National Debt?​

The national debt increased by nearly 40 times under Abraham Lincoln from 1861 to 1865—the largest multiple of increase in U.S. history.6 Of those who were president in either the 20th or 21st century, Franklin D. Roosevelt contributed to the largest percent increase in national debt. Recent presidents Barack Obama, Donald Trump, and George W. Bush presided over the three largest increases in terms of dollar amounts. Current President Joe Biden is on pace to join or surpass them.

 

[dkovic77]

Which President Contributed the Most to U.S. National Debt?​

The national debt increased by nearly 40 times under Abraham Lincoln from 1861 to 1865—the largest multiple of increase in U.S. history.6 Of those who were president in either the 20th or 21st century, Franklin D. Roosevelt contributed to the largest percent increase in national debt. Recent presidents Barack Obama, Donald Trump, and George W. Bush presided over the three largest increases in terms of dollar amounts. Current President Joe Biden is on pace to join or surpass them.

Ohhhh where did you copy/pasta this?

Tell us more Traitor Tater!

 

[adrina]

Ohhhh where did you copy/pasta this?

Tell us more Traitor Tater!

Investopedia.

With the last sentence cobbled together from further down in the article.

 

[MajorRewrite]

Recent presidents Barack Obama, Donald Trump, and George W. Bush presided over the three largest increases in terms of dollar amounts. Current President Joe Biden is on pace to join or surpass them.​

Your boy Donnie is the undisputed one-term national debt king! Cheers.

 

[icanhelp1]

National Debt Continues to Rise Under President Biden​

The national debt has grown by over $6.24 trillion since Biden took office in 2021, largely driven by COVID-19 relief measures. If we measure from the start of the new fiscal year on October 1st, 2021 the debt has grown by over $5.56 trillion under President Biden.23 According to estimates by the Congressional Budget Office (CBO), Biden’s American Rescue Plan would add $1.9 trillion to the national debt by 2031.24

• Biden also signed a bipartisan infrastructure bill into law in November 2021. It provides funding for improvements to roads, bridges, public transit, drinking water, and expanded access to the internet, among other initiatives.25 The plan is estimated to cost around $375 billion over 10 years.26
• Biden’s student loan forgiveness program, which would have canceled up to $20,000 of federally held student loan debt per borrower, was expected to cost the federal government about $305 billion total over 10 years, according to an estimate by the U.S. Department of Education.27
• However, that plan was overturned by the Supreme Court in June 2023.28A new plan called Saving on a Valuable Education (SAVE), which officially became available to student loan borrowers in August 2023, will provide a new path to relief for borrowers.29 The plan could cost $230 billion over 10 years.30
• Biden’s Inflation Reduction Act, which aims to invest in green energy initiatives and reduce healthcare costs, could actually reduce the deficit by $58 billion over the next decade, according to an estimate by the CBO

https://www.investopedia.com/us-debt-by-president-dollar-and-percentage-7371225

 

[MajorRewrite]

National Debt Continues to Rise Under President Biden​

The national debt has grown by over $6.24 trillion since Biden took office in 2021, largely driven by COVID-19 relief measures. If we measure from the start of the new fiscal year on October 1st, 2021 the debt has grown by over $5.56 trillion under President Biden.23 According to estimates by the Congressional Budget Office (CBO), Biden’s American Rescue Plan would add $1.9 trillion to the national debt by 2031.24

• Biden also signed a bipartisan infrastructure bill into law in November 2021. It provides funding for improvements to roads, bridges, public transit, drinking water, and expanded access to the internet, among other initiatives.25 The plan is estimated to cost around $375 billion over 10 years.26
• Biden’s student loan forgiveness program, which would have canceled up to $20,000 of federally held student loan debt per borrower, was expected to cost the federal government about $305 billion total over 10 years, according to an estimate by the U.S. Department of Education.27
• However, that plan was overturned by the Supreme Court in June 2023.28A new plan called Saving on a Valuable Education (SAVE), which officially became available to student loan borrowers in August 2023, will provide a new path to relief for borrowers.29 The plan could cost $230 billion over 10 years.30
• Biden’s Inflation Reduction Act, which aims to invest in green energy initiatives and reduce healthcare costs, could actually reduce the deficit by $58 billion over the next decade, according to an estimate by the CBO

So you’re saying that Biden has added to the debt by spending money on things to help people, but Trump set the record for one term debt by cutting taxes on rich people and corporations?

 

[dkovic77]

National Debt Continues to Rise Under President Biden​

The national debt has grown by over $6.24 trillion since Biden took office in 2021, largely driven by COVID-19 relief measures. If we measure from the start of the new fiscal year on October 1st, 2021 the debt has grown by over $5.56 trillion under President Biden.23 According to estimates by the Congressional Budget Office (CBO), Biden’s American Rescue Plan would add $1.9 trillion to the national debt by 2031.24

• Biden also signed a bipartisan infrastructure bill into law in November 2021. It provides funding for improvements to roads, bridges, public transit, drinking water, and expanded access to the internet, among other initiatives.25 The plan is estimated to cost around $375 billion over 10 years.26
• Biden’s student loan forgiveness program, which would have canceled up to $20,000 of federally held student loan debt per borrower, was expected to cost the federal government about $305 billion total over 10 years, according to an estimate by the U.S. Department of Education.27
• However, that plan was overturned by the Supreme Court in June 2023.28A new plan called Saving on a Valuable Education (SAVE), which officially became available to student loan borrowers in August 2023, will provide a new path to relief for borrowers.29 The plan could cost $230 billion over 10 years.30
• Biden’s Inflation Reduction Act, which aims to invest in green energy initiatives and reduce healthcare costs, could actually reduce the deficit by $58 billion over the next decade, according to an estimate by the CBO

Hits just keep on coming… copy/pasta fun,

This is the iron clad research the fry king is good at.

Good job Traitor Tater.

 

[icanhelp1]

So you’re saying that Biden has added to the debt by spending money on things to help people, but Trump set the record for one term debt by cutting taxes on rich people and corporations?

No! You’re saying that. If you read between the lines some of Biden’s big wins in spending initiatives were bipartisan and I put the majority of blame for ridiculous spending initiatives squarely on congress. Congress ( both parties ) have been screwing the American people for decades. I believe if Trump wins, the house remains republican and the republicans win the senate there are budget hawks like MTG, Chip Roy in the house that will hold Johnson’s feet to the fire to eliminate these huge omnibus bills and submit budget bills and reconciliation in a timely manner.

 

[BabyBoomer50s]

Debt happens when spending exceeds income. This chart shows the trend of government income and government spending. Spending spiked in 2020 when Covid arrived, retreated from its peak, but not all the way back to its historic average of 21% of GDP. Tax receipts on the other hand, have remained consistently around the 17% of GDP average. The CBO data shows that Biden has increased spending as a percent of GDP and has put the government on a trajectory to hit 25% by 2030.

The left wants to solve the problem by increasing the percentage of national income the government collects. They are happy to transfer spending authority reserved for Congress to the executive branch as long as the authority is used for things they like, such as student loan forgiveness.

 

[Fuzzy1975]

Debt happens when spending exceeds income.

Exactly!! So when taxes are cut, income is reduced. Simple, took you long enough to figure this out.

 

[BabyBoomer50s]

Exactly!! So when taxes are cut, income is reduced. Simple, took you long enough to figure this out.

Tax collections as a percentage of national income (GDP) have not gone down as a result of tax policies. They have remained consistent at an average of 17% since the 70s. You would like the federal government to increase its slice of the pie so that spending can continue to grow.

 

[dkovic77]

Exactly!! So when taxes are cut, income is reduced. Simple, took you long enough to figure this out.

Uh oh you get a twinge of the Traitor Tater and have some trouble with the platform?

Get the looked at before it spreads. No one wants that!

 

[icanhelp1]

Tax collections as a percentage of national income (GDP) have not gone down as a result of tax policies. They have remained consistent at an average of 17% since the 70s. You would like the federal government to increase its slice of the pie so that spending can continue to grow.

If you increase taxes and decrease spending I’ll bet that deficit spending will drop and maybe even start to put a dent in the national debt. IMHO

 

[Fuzzy1975]

Tax collections as a percentage of national income (GDP) have not gone down as a result of tax policies. They have remained consistent at an average of 17% since the 70s.

Irrelevant

You would like the federal government to increase its slice of the pie so that spending can continue to grow.I

I am pointing out revenue decreases with tax cuts, revenue increases with tax increases.

 

[HisArpy]

The unemployment rate rose from 7% in 1980 to 11% in 1982, then declined to 5% in 1988. The inflation rate declined from 10% in 1980 to 4% in 1988. Some economists have stated that Reagan's policies were an important part of bringing about the third longest peacetime economic expansion in U.S. history. And he built up our military which helped to bring about detente.

His economic and foreign policies also destroyed the old Soviet Union.