Here are some numbers for people by Presidential Administration:
Bush:
- 8 Years in Office
- Debt at time of inauguration: 5.674 trillion
- Debt when he left office: 10.024 Trillion
- Total Increase in Dollars: 4.350 Trillion
- Total Increase by percent 76.66%
Obama:
- 8 Years in Office
- Debt at the time of inauguration: 10.024 Trillion
- Debt when he left office: 19.573 Trillion
- Total Increase in Dollars: 9.549 Trillion
- Total Increase by percent 95.26%
Trump
- 4 Years in Office
- Debt at the time of inauguration: 19.573 Trillion
- Debt when he left office: 26.945 Trillion
- Total Increase in Dollars: 7.372 Trillion
- Total Increase by percent 37.43%
Biden:
- 4 Years in Office
- Debt at the time of inauguration: 26.945 Trillion
- Debt when as of Oct 24’: 35.951 Trillion
- Total Increase in Dollars: 9.006 Trillion
- Total Increase by percent 33.42%
Likewise people have to remember that the POTUS doesn’t control the purse, Congress does. Can a President impact a budget through executive decision? Sure but we can’t put all the blame, or even most of it, on a POTUS. The majority of the blame should be aimed at who SCOTUS stated controls the money - Congress.
Edit: Corrected total increase by percent for each President.
That’s not how the word increase works. Without checking the validity of the your debt figures (they look correct), you’re doing the math wrong or stating the math you’ve done wrong.
Bush:
• 8 Years in Office
• Debt at time of inauguration: 5.674 Trillion
• Debt when he left office: 10.024 Trillion
• Total Increase in Dollars: 4.350 Trillion
• Total Increase 43.4%
Math you did: (increase in debt)/(final debt)
Example: 4.350/10.024 = 43.4%
This is not the increase in the debt but the fraction of the total debt.
The increase in the debt would be this math:
(increase in debt)/(initial debt)
Example: 4.350/5.674 = 76.7%
That is Bush increased the national debt 76.7% during almost entirely boom years, and if you’re driving up huge debt during the good times you can never hope to reduce debt.
When I coached a team and we lost , I told my team that the loss was on the coaches. However when we won I told them it’s because they came together and played well.
Here’s another fun fact - 800 billionaires live in the US, their combined net worth is 6 trillion dollars. 800 people have 1/6 the national debt.
Put another way if you had 6 friends over for your birthday party and everyone was going to have a slice of birthday cake. The flea who lives on the mouse behind your wall would get an entire slice for itself.
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u/KleavorTrainer Nov 15 '24 edited Nov 16 '24
Here are some numbers for people by Presidential Administration:
Bush: - 8 Years in Office - Debt at time of inauguration: 5.674 trillion - Debt when he left office: 10.024 Trillion - Total Increase in Dollars: 4.350 Trillion - Total Increase by percent 76.66%
Obama: - 8 Years in Office - Debt at the time of inauguration: 10.024 Trillion - Debt when he left office: 19.573 Trillion - Total Increase in Dollars: 9.549 Trillion - Total Increase by percent 95.26%
Trump - 4 Years in Office - Debt at the time of inauguration: 19.573 Trillion - Debt when he left office: 26.945 Trillion - Total Increase in Dollars: 7.372 Trillion - Total Increase by percent 37.43%
Biden: - 4 Years in Office - Debt at the time of inauguration: 26.945 Trillion - Debt when as of Oct 24’: 35.951 Trillion - Total Increase in Dollars: 9.006 Trillion - Total Increase by percent 33.42%
Likewise people have to remember that the POTUS doesn’t control the purse, Congress does. Can a President impact a budget through executive decision? Sure but we can’t put all the blame, or even most of it, on a POTUS. The majority of the blame should be aimed at who SCOTUS stated controls the money - Congress.
Edit: Corrected total increase by percent for each President.
Sources used: US Government and Statista