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As an actual fiscal conservative, I recognize that Trump is worse for the deficit/debt than virtually any POTUS beofre him. His first presidency, he promised he'd "pay off the national debt". Instead he increased it by about 8 trillion / 40%.Originally Posted by bryjcom
https://www.cnbc.com/2025/02/27/trum...nd-checks.html
Their goal isn't your goal.
This lefty article says he?s 3rd. Their graph below shows Obama increased it heavily, but he must of came in 4th so they didn?t mention him.
Without Covid the deficit would of been much lower. Was Covid his fault? Was it China?s? Does China owe us 3 trillion to pay for it? Does NIAID need to pay for it?
Why do we pay interest on our own debt instead of using those funds to pay it down?
Trump is not perfect and has things to dislike about him, but your obvious hatred of him is well known and you?ll slant any post negatively towards him.
Have you applied to be on MSNBC?
?The growth in the annual deficit under Trump ranks as the third-biggest increase, relative to the size of the economy, of any U.S. presidential administration, according to a calculation by a leading Washington budget maven, Eugene Steuerle, co-founder of the Urban-Brookings Tax Policy Center. And unlike George W. Bush and Abraham Lincoln, who oversaw the larger relative increases in deficits, Trump did not launch two foreign conflicts or have to pay for a civil war.
Economists agree that we needed massive deficit spending during the COVID-19 crisis to ward off an economic cataclysm, but federal finances under Trump had become dire even before the pandemic. That happened even though the economy was booming and unemployment was at historically low levels. By the Trump administration?s own description, the pre-pandemic national debt level was already a ?crisis? and a ?grave threat.?
The combination of Trump?s 2017 tax cut and the lack of any serious spending restraint helped both the deficit and the debt soar. So when the once-in-a-lifetime viral disaster slammed our country and we threw more than $3 trillion into COVID-19-related stimulus, there was no longer any margin for error.?
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Global economic collapse is one reason.
+1.This lefty article says he?s 3rd. Their graph below shows Obama increased it heavily, but he must of came in 4th so they didn?t mention him.
Without Covid the deficit would of been much lower. Was Covid his fault? Was it China?s? Does China owe us 3 trillion to pay for it? Does NIAID need to pay for it?
Why do we pay interest on our own debt instead of using those funds to pay it down?
Trump is not perfect and has things to dislike about him, but your obvious hatred of him is well known and you?ll slant any post negatively towards him.
Have you applied to be on MSNBC?
?The growth in the annual deficit under Trump ranks as the third-biggest increase, relative to the size of the economy, of any U.S. presidential administration, according to a calculation by a leading Washington budget maven, Eugene Steuerle, co-founder of the Urban-Brookings Tax Policy Center. And unlike George W. Bush and Abraham Lincoln, who oversaw the larger relative increases in deficits, Trump did not launch two foreign conflicts or have to pay for a civil war.
Economists agree that we needed massive deficit spending during the COVID-19 crisis to ward off an economic cataclysm, but federal finances under Trump had become dire even before the pandemic. That happened even though the economy was booming and unemployment was at historically low levels. By the Trump administration?s own description, the pre-pandemic national debt level was already a ?crisis? and a ?grave threat.?
The combination of Trump?s 2017 tax cut and the lack of any serious spending restraint helped both the deficit and the debt soar. So when the once-in-a-lifetime viral disaster slammed our country and we threw more than $3 trillion into COVID-19-related stimulus, there was no longer any margin for error.?
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None of the detractors want to or will address the anomaly of COVID or the previous trends set in motion and beauracracies enabled by Bush and continued by Obama or the fact that pretty much every pres and congress since WW2 has grown Fed deficit.
The hatred of the man always shows thru.
If you're unarmed, you are a victim
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