Trump ran up national debt twice as much as Biden: new analysis
- Thread starter THE_DEVIL
- Start date
The article is spin.
It's not counting the actual debt accrued.
It's inventing numbers for assumed tax collection, and calling them additions to the debt.
From the 'analysis':
- Debt held by the public rose by $7.2 trillion during President Trump’s term including $5.9 trillion in the first three years and five months. Debt held by the public has grown by $6.0 trillion during President Biden’s term so far.
- President Trump’s executive actions added less than $20 billion to ten-year debt on net. President Biden’s executive actions have added $1.2 trillion to ten-year debt so far.
By the numbers: Trump added $8.4 trillion in borrowing over a ten-year window, CRFB finds in a report out this morning.
- Biden's figure clocks in at $4.3 trillion with seven months remaining in his term.
- If you exclude COVID relief spending from the tally, the numbers are $4.8 trillion for Trump and $2.2 trillion for Biden.
Trump has been gone for 4 years. This has been jo's baby for 4 years and basically the 8 years before Trump, yet, TDS dictates that in 2024, a runaway national debt is the fault of someone who currently has ZERO power to do anything about it, and the one who does, has done NOTHING to turn a single ticker here > https://www.usdebtclock.org/ Play your games, retard..........Numbers are confusing. I get it.
Maybe work with this guy to build your accumen?
Biden has overseen an increase in debt held by the public of over $3.7 trillion since just October 1, 2022.
Just 3/4 of the way through FY23-24 and we have $1.5 trillion more in publicly held debt.
The fantasy calculations about taxes not collected (a year after record income tax collections!) are what they're trying to call 'spending'.
