From the figures I found, Trump increased the debt by $6.7 trillion while Biden increased it by $2.5 trillion (over three of his four years). Note that the first year of spending for any president is controlled by the last president, so 2020 spending was Trumpās, but also 2016 was Obamaās.
Looking at just proposed programs, Bidenās student loan plan would have cost 0.4 trillion, or $400 billion. Meanwhile, Trumpās ātax repatriation holidayā (companies illegally hiding money overseas to avoid taxes, make one year where you donāt get taxes for bringing the money back to USA) cost taxpayers $465 billion.
Pepperidge Farm remembers the last couple of years of the Clinton administration when we had an actual budget surplus and all the talk was of what to do with this surplus. But then the āfiscal conservativesā said āReagan proved that deficits donāt matterā.
Deficits donāt matter, but a surplus is still dope AF. It shouldnāt come from cutting services like we did in the 90s tho.
I do agree itās insane that the GOP went from ādeficits donāt matterā when they control the Presidency to āshut down the gov over the debt ceilingā when they donāt tho.
Well, when the house is under control of the same party as the white house, they normally just start with the presidentās budget outline and cut and add stuff. But that didnāt happen with Trump, so you have to go back to 09-10 for the last time the presidentās budget wasnāt dead on arrival.
COVID, which happened under Trumps administration, which throws any sort of comparisons out the window. Everyone, democrats and republicans alike, were crying for government handouts in the form of free payments, in order to survive. It was a (hopefully) once in a lifetime unprecedented situation that destroyed most budgets around the world.
Also neither Trump nor Biden are responsible for the budget surplus/deficit.
From the figures I found, Trump increased the debt by $6.7 trillion while Biden increased it by $2.5 trillion (over three of his four years). Note that the first year of spending for any president is controlled by the last president, so 2020 spending was Trumpās, but also 2016 was Obamaās.
Looking at just proposed programs, Bidenās student loan plan would have cost 0.4 trillion, or $400 billion. Meanwhile, Trumpās ātax repatriation holidayā (companies illegally hiding money overseas to avoid taxes, make one year where you donāt get taxes for bringing the money back to USA) cost taxpayers $465 billion.
Pepperidge Farm remembers the last couple of years of the Clinton administration when we had an actual budget surplus and all the talk was of what to do with this surplus. But then the āfiscal conservativesā said āReagan proved that deficits donāt matterā.
And they blamed Obama for being spendy (because even $1 to a poor person is wasteful) while GWB racked up the biggest budget in history many times.
Deficits donāt matter, but a surplus is still dope AF. It shouldnāt come from cutting services like we did in the 90s tho.
I do agree itās insane that the GOP went from ādeficits donāt matterā when they control the Presidency to āshut down the gov over the debt ceilingā when they donāt tho.
Deficits only donāt matter when Republicans are in the White House.
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Well, when the house is under control of the same party as the white house, they normally just start with the presidentās budget outline and cut and add stuff. But that didnāt happen with Trump, so you have to go back to 09-10 for the last time the presidentās budget wasnāt dead on arrival.
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COVID, which happened under Trumps administration, which throws any sort of comparisons out the window. Everyone, democrats and republicans alike, were crying for government handouts in the form of free payments, in order to survive. It was a (hopefully) once in a lifetime unprecedented situation that destroyed most budgets around the world.
Also neither Trump nor Biden are responsible for the budget surplus/deficit.