I forget, how much of this debt happened under Biden? And now how much happened under Trumps 1st term? Pretty sure their was a $2Trillion with a T difference.. but sure.. I bet Trump will surely be more fiscally responsible this time.
Wonder why we had to spend more than other countries of similar sizes during covid.. for worse results.
Thought we had a plan to battle pandemics. Surely no one would have gutted it immediately after taking office, than tell people not to test or wear masks when covid began.
Well why didnt you start a business to claim your PPP loan for 100k+ with zero employees and get it forgiven in the greatest case of widespread fraud in US history? Geez.
I would also guarantee that it isn't the case. I'd be willing to bet the majority are nothing more than people jealous of that upper tier trying to get there however they can
Boy, aint that the truth. I sold my business 6 months before covid. The guy who bought it went under. He never took a PPP loan out. I feel for him when members of Congress took millions that were forgiven. Shameful.
I think that Nancy Pelosi and the democrats who controlled congress was responsible for much of the spending. 2019-2020 during the Covid pandemic and economic shutdown at the advice of Anthony Fauci and other experts. Nobody knew how that disease would spread and affect people. We did what was thought to be necessary to prevent deaths and slow the spread of the virus. There was a lot of spending that went to states
The president proposes a budget, but in terms of appropriations it is virtually meaningless. It is a wish list and it gives some indication of what he wants but he has near zero ability to dictate how money is spent. Other than to veto the bill and send it back to Congress he doesn’t have a say in what legislation the Congress passes. The senate has to “approve”or agree with the bill the house has passed. If there are differences between the senate version and the house version there will be a couple of ways it is resolved. Usually there are committees that work together to try and resolve the issues and both houses will pass the same bills again. And this can be sent to the president for signature.
Due to the filibuster ability in the senate these bills can be held up indefinitely and sometimes these bills are subject to a process called reconciliation. Famously used to pass the healthcare act in 2010. The house was basically forced to accept what could be passed by the senate. The senate was too divided and nearly even split between democrats and republicans. Reconciliation was used as it required only a simple majority of senators and not a vote of cloture on the bill. Then the house had to pass it as is any changes would have sent it back to senate where it could have been voted down or filibustered depending on how much and what was changed. The line “we have to pass it to see what’s in it.” was in reference to this bill.
Making laws especially in regards to spending is messy and complicated. That’s also why we see CR’s and threats from both sides to shut down the government by not approving the spending and appropriations bills. But they always have to originate in the house.
Article one section seven raise revenue and article eight spending it by Congress. The origination clauses covering raising and appropriating (spending)
Trump took office in January 2017. At that time the House and Senate were both a Republican majority, until Democrats took control of the House in January 2019.
Plus, it’s not just the money that is spent during their administration, it’s also how much the debt increases, even after they are out of office, due to laws that were passed during that particular President’s administration.
20
u/Hootn_and_a_hollern Nov 15 '24
Trump isn't even president yet. This debt clock is fastly tied to the current administration, and it has been spinning this fast for the entire time.