President Barack Obama
President Obama had the largest deficits. By the end of his final budget, FY 2017, his deficits were $6.690 trillion. Obama took office during the Great Recession. He immediately needed to spend billions to stop it. He convinced Congress to add the $787 billion economic stimulus package to Bush’s FY 2009 budget. This added $253 billion to the FY 2009 budget. The American Recovery and Reinvestment Act added another $534 billion over the rest of Obama’s terms.
In 2010, the Obama tax cut added $858 billion to the debt in its first two years. Obama increased defense spending, adding as much as $800 billion a year. Federal income decreased due to lower tax receipts from the 2008 financial crisis.
Both Presidents Bush and Obama suffered from higher mandatory spending than their predecessors did. Social Security and Medicare benefits were eating up more of the budget. Health care costs were rising as the American population aged. In 2010, Obama launched the Patient Protection and Affordable Care Act. It sought to reduce health care spending. This reduction would lower the debt by $143 billion by 2020. In total, $983 billion was added to the national debt under Obama.
Trump promised to reduce the national debt. But the debt by president reveals that Trump will increase the debt by $8.3 trillion in just one term. His plan to reduce the debt relies on increasing economic growth to 6 percent. Like most Republicans, he used tax cuts to spur that level of growth.
So, last I checked, $8.3 trillion is greater than $983 billion...
I don't even understand you denying what your own source says. It says it plainly on the page you linked.
President Donald Trump: Total Actual plus Budgeted = $5.683 trillion, almost as much in one term as Obama accumulated in two.
So, yeah, the GOP are looting the government coffers...
art.
So far I have not seen ANY bank bailouts, quantitative easing nonsense, nothing of the sort from Trump.
Pretty much the GOP cut tax income; so instead of getting a surplus of income, there's way less income.
Bailout for the ultra wealthy...
To put it simply:
It's like Obama going to buy a house and car while earning $100k a year. The house/car only costs $190k, so only $90k in debt.
Trump pretty much only bought a house (the trade war) which was like $150k, but then quit his current job and took a job only making $15k / year. So, now he has $135k in debt, and it'll take him much longer to pay off the debt than what Obama would have.
