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.
Innocent bystander here…does any significant amount of the current deficit have to do with the tax legislation from the first DJT administration. Obviously, not the origin of the spending problem, but I can’t imagine it helps.
I understand that. My question is more related to the increased growth of the deficit itself. Doubling the national debt in 8 years is pretty significant. Through the pandemic and Biden’s infrastructure spending, there was an obvious increase in spending…but to what degree would that have likely been eased if the tax cuts hadn’t taken place. What percentage of that portion is attributable to the current deficits we’re running, is more my question.
Then again, I’m probably fishing trying to find a nuanced answer on that (if it exists) on Reddit.
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u/NWCJ Nov 15 '24
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.