National Debt Analysis: Trump vs. Biden

The Left’s $7 Trillion Lie: Biden Far Outpaces Trump in Racking Up the National Debt

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Former Treasury Secretary Steve Mnuchin, unsure how much tax revenue would be collected, borrowed well over $1 trillion—but kept it in reserve, without ever spending it. Biden, however, spent that reserve, then borrowed another $7 trillion on top of it.

Instead of simply allowing that one-time emergency COVID spending to expire, Biden and the Democratic Congress continued spending at that same COVID-era level, thus institutionalizing multitrillion-dollar deficits.

Accounting for the changes in cash balances at the Treasury, the debt actually rose $6.5 trillion during Trump’s entire term—and is up $7.9 trillion in less than four years of Biden’s tenure.

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All told, Biden will likely oversee a net increase in the debt of more than $9 trillion in a single term—a new record.​

The Left’s $7 Trillion Lie: Biden Far Outpaces Trump in Racking Up the National Debt

 

So since this is your source, will you be backing off your earlier mistruth that Biden added $10 trillion to the debt?

Was that just something you said to make yourself feel good, while you gave 'Chicom' a little break?

 

Again, I ask (ok, rhetorically...but it's fun to see the foolish attempts at avoidance couched in rationalization...):

What. Did. We. Get. For....

Doh! Biden's 9 Trillion Dollar spending orgy???

 

LOL! Your source is complete garbage.

It's a newbie POS thrown together by a bunch of children who look younger than our scout team:

Staff Members | Committee for a Responsible Federal Budget

Heritage Foundation OTOH has been around for a minute and enjoys a respectable reputation.

 

92 continues to flail around and fall on his face whenever it comes to talking about the national debt and still continues to ignore the ridiculous amount that Trump added to the debt

 

A few drivers:

1) kickstarting our economy after Covid. there was a concern of not doing enough for the economy vs overdoing it - which Biden did. (Trump wanted to do even more btw). But our economy is up and rolling and inflation back down. However our federal spending has remained high.

2) tax cuts. Made under trump they are driving our deficit and will continue to do so. No way doge can remove $2T from spending. Anyone south of baby boomers will be impacted in later years. Interest rates alone on our debt will soon be $1T/yr

3) aging population - social security, Medicare.

 

https://www.cnn.com/2024/12/28/politics/government-efficiency-musk-federal-budget-dg/index.html

 

lol …. had to use the plunger on this flush!! Sad.

 

The HF is a batshit cray extremist org of whackos out to destroy public education in the U.S. Their goals include grooming suckers who will read their crazy BS and making them believe it. They aim to ensure that white people stay in control. Nuthin like a good commie club, ehh?

 

For some of us, We. Got. Our. Lives... We got a vaccine from a fairly deadly disease. We also may have gotten a blueprint for developing future vaccines. What do you estimate your life is worth? Now multiply that by 335 million U.S. citizens.

 

Dem leadership typically invests in public education. The Biden administration was no exception. You ask what we got and the information is readily available. I wonder, though, if you are willing to seek it. And if you rebuke it, perhaps you can do so with reason rather than platitudes. These are some of the investments the Biden admin made in public education:

• $130 billion to address academic, mental, and physical health impacts of COVID-19 on children.
• $60 billion to Title I, which helps schools support about 27 million high-need students (a $2 billion increase).
  • Trumph will seek to eliminate Title I.
• $53 billion to support 7.5 million special education students ($1.5 billion increase). It's noteworthy that under the Individuals with Disabilities Education Act (IDEA), schools are required to support students with disabilities.
  • Trumph will seek to eliminate the DOE, leaving states to figure out ways to support IDEA.
• $7.6 billion in career, technical, and adult education, i.e. workforce development ($628 million increase).
• $3 billion to expand Title III language instruction for over 5 million English learners ($95 million increase).
  • As a Hispanic American and presumably a FL resident, I hope you recognize the importance thereof.

Assistance for youth mental health crisis, addressing gun violence, and improving climate across America’s schools. Gun lovers tend to blame gun violence on mental health issues. Biden's admin worked to address the issue.

• $1 billion for school mental health professionals; a projected 14,000 additional mental health professionals to serve America’s schools.
• $1 billion to help schools reduce gun violence and address youth mental health needs through the Bipartisan Safer Communities Act, the most significant new gun violence prevention law in nearly 30 years.
• $253 million to develop 2,000 new community schools, serving more than 1 million students’ physical, mental health, and academic needs.
• $5 billion invested in Title IV funding for schools to provide a well-rounded education.
  • As a Music Education professional, I fully endorse this. A complete education is vital for all children and music should be an essential part of it.

Teacher educator investments:

• create more than 643,000 education jobs.
• $8.6 billion to Title II-A: educator recruitment, retention, and PD for America's 3 million teachers.
• $23 million to increase the number of teachers of color and multilingual educators.
  • As a Cuban American, I hope you would recognize the importance thereof.

Support for Higher Education

• Largest Pell Grant increase ($900) to max award ($7,395) during the last decade
• $39 billion for universities to safely reopen from the COVID-19 pandemic, including financial support for students
  • Faculty & advisors at our university could "nominate" students to receive additional aid.
• $5.3 billion to increase access for low-income, first gen, and students with disabilities
• $3.3 billion for HBCUs, Hispanic Serving Institutions, & Tribal Colleges
• $222 million to reduce non-academic barriers to college success through the Child Care Access Means Parents In School program and Fund for the Improvement of Post Secondary Education (FIPSE) Basic Needs programs.
• $14 billion in to expand services for individuals w disabilities (vocational services, helping them join the workforce)
• $170 billion in debt relief for nearly 5 million borrowers
• Repair the Public Service Loan Forgiveness program and provide over $69 billion in relief for about 946,000 borrowers (only 7k borrowers had received debt relief through this program at the start of Biden's administration.
  • You won't like these last two because Fox News told you not to.

Source: Raising the Bar Across America

Now that's just the education piece, since you don't seem to understand what our tax dollars went to and only want to complain through empty rhetoric. On another note, the bipartisan Infrastructure bill helped to with much-needed repairs to roads & bridges, provided clean water, & upgrade airports/trains, etc. Locally, it helped fund a bridge from Duluth, MN to Superior, WI. Do you have a meaningful response to any of this, or will you just through out "Doh Biden" stuff?

 

IOW, we added 9 TRILLION DOLLARS of new debt for like (rough arithmetic) 500 Billion dollars of benefit--and that's allowing for dollar for dollar spent/value (as I'm also not tabulating the interest on that debt financing--and never mind that the 170 student debt forgivness is basically added into the debt for value already conveyed...)

You sure taught me something.

More "yall are too stupid to know that the economy is great, dummies!" dillusion.

Apparently your fellow dems--by which i mean the 20 who "stayed at home" (or never really existed) weren't as enthused by Doh! Biden's abysmal bang for buck sell out, as you and your fellow Doh! /sKamala cheerleaders on here are.

Them, and of course, some 77 million voters who deemed such so radioactivity suck ass, as to vote for previously fired guy AFTER amassing 91 indictments and a few felony convictions in between.

So yeah...mo' Doh! Biden for a good while--at least until the stench is gone.

 

"More "yall are too stupid to know that the economy is great, dummies!" dillusion."

Hey, if the shoe fits....

 

Remember, the limit is four paragraphs when you’re quoting. Or summarize it yourself. And give the link.
Thanks

 

There isnt a right-wing Trump supporter on here that has any idea what this means. They are positive you can cut $2T in spending from the $311B box of "other".

 

I editorialized/paraphrased everything there and cited the source. Thank you, professor.