| ▲ | throw0101a 3 hours ago |
| Over 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). |
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| ▲ | Grombobulous 3 hours ago | parent | next [-] |
| 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. |
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| ▲ | pjc50 3 hours ago | parent [-] | | Also, how long has it been since the Democrats have had unobstructed power like the Republicans have assembled? Both houses and the supreme Court? | | |
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| ▲ | foolfoolz 2 hours ago | parent | prev [-] |
| 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 2 hours ago | parent | next [-] | | > 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 2 hours ago | parent | prev | next [-] | | 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 2 hours ago | parent | prev | next [-] | | > 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. | | |
| ▲ | ffaccount2 2 hours ago | parent [-] | | >It's almost like there was a Republican-policy-created crisis that called for massive spending in his term. As an European it's pretty funny to read this thread. "Your party debt was reckless and incompetent. My party debt was necessary and caused by your party anyway". Seriously, having just two parties looks like nightmare for democracy. Having said that, before I get crucified as a centrist, there are bad and worse, and Trump is clearly worse. | | |
| ▲ | malshe an hour ago | parent [-] | | The level of debt is an issue when the revenue doesn't cover the spending, leading to a budget deficit. Obama reduced the deficit even after he increased the debt. Trump increased the debt and reduced the revenue widening the deficit. That's not the same thing. |
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| ▲ | jatora 2 hours ago | parent | prev [-] | | [flagged] |
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