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

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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...

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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.

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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 [-]

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