Quote (RunNaked @ Nov 6 2024 09:12pm)
He added 6.7 to the debt, 4.2 in 2020 alone from pandemic bullshit. Biden added a little over 6.5 through FY 2023, both are at fault for adding to the debt. Both parties (gov in general) are awful with spending. Printing money is not the solution but for whatever reason they think it has no negative ramifications like inflation
I think those numbers are off.
Quote
Trump’s administration borrowed $8.4 trillion during the former president’s time in office, while Biden has borrowed $4.3 trillion, according to an analysis by the Committee for a Responsible Federal Budget (CRFB)..
Ignoring the pandemic relief measures enacted by both presidents, the proportion of debt addition still holds around 2-to-1, with former President Trump adding $4.8 trillion in non-pandemic-aid fiscal debt and Biden adding $2.2 trillion.
Those additions were mostly due to the Tax Cuts and Jobs Act (TCJA), changes to the Affordable Care Act, and different budgetary acts in 2018 and 2019.
Most of Biden’s non-pandemic-related additions were due to the Bipartisan Infrastructure Law, student debt relief, appropriations bills and other executive actions.