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foolfoolz • today at 4:01 PM • 4 replies • view on HN

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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throw0101a • today at 4:52 PM

> obama nearly doubled the national debt in 8 years ($11T -> $22T).

Helping to recover from the GFC (which happened under the GOP). Notice how the deficit in Obama's second term was way lower than his first term? Notice how Obama2 isn't that much more than Bush2 (who started all sorts of military adventures)?

* https://www.us-debt-clock.com/presidents

malshe • today at 4:55 PM

Way to change the goal post when we are discussing budget deficits. Even then Obama added around $10 trillion to debt in eight years. Trump added close to $8 trillion in just four years in his first term.

In 2009, the budget deficit had risen to $1.42 trillion thanks to the massive bailouts of financial institutions. By 2016, when Obama left the office, it was down to $0.59 trillion.[1]

[1] https://fiscaldata.treasury.gov/americas-finance-guide/natio...

bonsai_spool • today at 4:10 PM

> obama nearly doubled the national debt in 8 years ($11T -> $22T). this is not a problem specific to a party or a president

It's almost like there was a Republican-policy-created crisis that called for massive spending in his term. And then he expanded healthcare for many people who'd never get it otherwise!

But that pales in comparison to the Russian diesel that's going to bring down my gas prices, and my private investment in arms manufacture that's growing quite well these days. So yes, we're doing much better with the debts incurred by the current administration.

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jatora • today at 4:04 PM

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