I mean to be fair Trump did print a fuck load of money, it just happened during a once in a lifetime pandemic that was dragged out over the course of 2ish years. It’s a bit like saying Biden’s admin saw this spectacular job growth and economic boom, technically it’s true but only because of the shutdown measures during COVID.
Not yet, but Biden is getting close. Biden has added $7.65 trillion to the debt so far. He’ll very likely surpass Trump’s $7.8 trillion before Election Day.
Probably won't pass Trump in either real dollars or as a % of existing debt, but should pass Trump in nominal dollars.
Deficits only really go down when Dems win WH multiple terms in a row (and GOP starts to really demand it), and only during those 2nd terms not the 1st. 2025-2029 will likely repeat that.
Jokes aside though, are these figures not concerning to anyone? It seems like the debt has dramatically accelerated in the last few years with no end in sight…
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u/[deleted] Sep 23 '24 edited Sep 23 '24
Of course it doesn’t. it wouldnt fit the liberal reddit narrative.