alt Hacker NewsOver his 1.5 presidential terms, Trump has accumulated over a quarter of the US debt ($11T / $40T):
* https://www.us-debt-clock.com/presidents
Some mitigating circumstances are COVID in his first term (also effecting Biden), but there's also a lot of 'self-inflicted' damage, especially the last two years.
It turns out tax cuts may not actually pay for themselves (never mind ill-considered military adventures).
Replies
foolfoolz • today at 4:01 PM
obama nearly doubled the national debt in 8 years ($11T -> $22T). this is not a problem specific to a party or a president
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It’s okay, it’s all part of the political cycle:
1. Republicans start a war and cause a recession
2. Democrats get swept into power, barely.
3. Democrats clean up the mess but key reforms are blocked by some lone asshole like Joe Lieberman.
4. Everyone complains that Democrats didn’t do enough, it’s all the immigrants’ fault, and put Republicans back in power.
5. Return to step 1.