Their debt ceiling BS has caused stocks to tumble. I'm down about 30K in a couple days. It will come back. It always has. But still why the effing drama.
Turns out a big chunk of debt was run up by the Retrumplicans but they don't want to pay for it now.
Such silliness. You see more common sense from 4 years olds in a sand box.
The trump is still strong in the minds of some
Also covid was just kicking up at that point
Im sure there was lots of spending going on
The claim: Trump increased the national debt by $8.3 trillion in 4 years
During his 2016 campaign, Trump ran on a promise to strengthen the country's economy, which would in turn improve Americans' quality of life. Trump's promise to improve the economy included a
pledge to eliminate the national debt within eight years.
The
national debt doesn't typically impact the day-to-day lives of most Americans — unless it reaches a tipping point, which would slow the economy.
Under Trump's first four years as president, the
national debt has markedly increased, including significantspending by the federal government to combat the COVID-19 pandemic.
The Instagram page Occupy Democrats
reposted a meme made by the Biden support group Ridin' with Biden that states, "Hey Republicans do you still care about the national debt? Because Trump just increased it by $8.3 TRILLION in four years. Just sayin."
USA TODAY has reached out to the page for comment.
Related:
Candidate Trump decried the national debt in 2016 and promised to eliminate it. It's only gotten bigger.
The national debt under Trump
When Trump took office in January 2017,
the national debt was $19.9 trillion, according to data published on Treasury Direct by the Treasury Department’s Bureau of Fiscal Services.
During the first six months of Trump's presidency,
the debt actually decreased by $102 billion, but according to reporting from Snopes, there's no proof that specific actions taken by Trump's administration caused the decrease.
Fact check:
Claim that Trump proposed a 'Space Navy' is false. It started as a parody.
In September 2017, Trump
signed a bill that raised the debt ceiling. On that same day, the
national debt reached $20 trillion for the first time in the country's history.
According to Treasury Direct — which reports the national debt data at the end of each month — in February 2019,
the national debt was $22 trillion. Over the next calendar year, the debt increased by more than $1 trillion,
reaching $23 trillion in February.
In September, Treasury Direct reported that the
national debt reached $26.9 trillion, a significant rise in a short time as the country responded to the COVID-19 pandemic.
Treasury Direct has yet to report October's numbers, but news outlets have reported that in October of this year, the
national debt is sitting at just under $27 trillion.
Using Treasury Direct's data, from the time Trump took office in January 2017 through September of this year, the national debt rose from $19.9 trillion to $26.9 trillion, which is an increase of $7 trillion in Trump's first term
