an update as of Dec 2024, Total debt change percentage in office per president Biden has increased the debt by $7 Trillion, a ~~24.75% increase MAGA Trump 1.0 increased the debt by $8.2 Trillion, a 40.4% increase my take is that Trump 2.0 will increase the US debt burden by more than $8.2 trillion
as of Dec 2024, the Biden admin has created over 16 million jobs. my take is that Trump 2.0 will create less jobs than Biden
jobs created have been the result of these Biden-induced legistlations Inflation Reductin Act Infrastructure Act CHIP act had Trump actually bother to pass an infrastucture bill, which was one of his top campaign agenda, his admin would not have lost 2 million jobs, even w the Pandemic
Ok, as long as you aren't counting the jobs that came back after the pandemic, then your post is valid.
It's always amazing to me that - He didn't decrease the debt in his first term but people are SURE he will in his second He promised it both times Rocket River
No, it's counting jobs lost to covid and then regained. I think it deserves an asterisk, but recovering from covid getting those jobs back wasn't an automatic thing. So yeah, maybe the US had some low-hanging fruit in this regard, but we actually executed and got those jobs back where other countries didn't do it as quickly. I should also point out that we actually started adding back those Covid jobs under Trump -- we basically had a couple negative months (3/2020 lost 1.4 million and 4/2020 lost 20.5 million, then later 12/2020 lost 0.2 million, but all other months showed positive growth). This article addresses the counting: How job figures under Biden and Trump's presidencies compare. According to the BLS, job growth looked like this: * Trump job growth period (2/2017 thru 2/2020, 37 months): +6.7 million * Covid disaster under Trump (3/2020 thru 4/2020, 2 months): -21.9 million * Covid recovery under Trump (5/2020 thru 1/2021, 9 months): +12.5 million * Covid recovery under Biden until we reached Feb 2020 employment (2/2021 thru 6/2022, 17 months): +9.4 million * Biden job growth period (7/2022 thru 1/2025, 31 months): ~ +7 million N.B., I don't think presidents actually deserve credit for job growth. But, I do hate when campaigns or other interested parties obfuscate the numbers to make themselves look good, so I tried to be very clear about what the periods of growth were. But, if we were to cut out the covid disaster and recovery periods and do a crude jobs/month calculation, it would look like this: Trump: 181k Biden: 226k Both lag behind Bill Clinton's rate of 240k.
TCJA (Trump 2017) + OBBB (Trump 2025) add over $20 trillion to the debt over 30 years ($37 trillion if everything is extended), most of which benefits the wealthy while drowning the nation in debt. Paying over $1 trillion in interest yearly now. $200 billion has been requested for the war with Iran. We could be approaching $100 trillion in U.S. national debt in 25 years (2051), at which point we would be paying $3 trillion in interest per year. US national debt surges past $39 trillion | AP News March 18, 2026 The national debt surpassed a record $39 trillion on Wednesday, a milestone that comes just weeks into the U.S.-Israeli war in Iran. The unprecedented figure highlights competing administration priorities, from passing a massive tax law and boosting defense spending and immigration enforcement to chipping away at the debt itself — the latter of which Donald Trump promised to do as both a candidate and as president. The Government Accountability Office outlines some of the impact of rising government debt on Americans — including higher borrowing costs for things like mortgages and cars, lower wages from businesses having less money available to invest, and more expensive goods and services. Advocates for a balanced budget also warn that the long-term trend of borrowing more and paying more in interest will force Americans to face tougher fiscal tradeoffs ahead. The trajectory of the rising costs is also a concern. The federal debt has surged under both Republican and Democratic presidents, most recently fueled by wars, large-scale pandemic spending and tax cuts. The U.S. national debt hit $38 trillion five months ago — and $37 trillion two months before that. “At the current growth rate, we will hit a staggering $40 trillion in national debt before this fall’s elections,” Peterson said. “Borrowing trillion after trillion at this rapid pace with no plan in place is the definition of unsustainable.”
Trump is really well aquainted with how to use Chapter 11 to relieve debt burdens given his many personal uses of it. I bet he can get a significant fraction of that Chinese and Japanese debt forgiven if he agrees to transfer few unimportant assets to the debtors like Alaska, California, Oregon and Washington State. Alternately, he can accelerate and go full Zimbabwe with the inflation track he's alreadt on and before long that 38 trillion will be worth the equivilent of $200,000 in today's dollars. Big brain MAGA 4D chess confusing the deranged and rabid liberals yet again. There is a big, beautiful plan at work that your TDS prevents you from understanding. So sad! Thank you for your attention to this matter.
The fiscal conservatives, and independent folks who get hot and bothered at wasteful spending are no where to b seen or heard. Trump is seeing how much money he can hoard while putting the country into further debt, stress testing our government in his 2nd term All this extra debt and our country still hasn't improved or gotten any better just more racist and corrupt
I suspect it's because the govt spending (and lack of taxes to offset) is going to the right kind of people (the rich and defense companies). It was of course never about the deficit or balancing the budget.
Oct 31, 2024 The Economist predicted it right. By making Donald Trump leader of the free world, Americans would gamble with the economy, the rule of law and international peace. Voters who minimise the risks are deluding themselves https://econ.st/4fluZAw
US National Debt in August: $37 trillion. October: $38 trillion. March: $39 trillion. Now, we also have a war.
It’s almost like cutting taxes for billionaires while increasing defense spending to $1T annually and starting a war could lead to deficit spending and then debt accumulation. I am convinced that’s it’s all on purpose. It has long been the goal of the GOP to eliminate government spending for everything except defense and law enforcement. If they keep jacking up the debt, putting a larger burden on interest, it will eventually force cuts to Medicaid, SNAP, etc. Same thing is happening in TX and FL. Gutting property taxes while making it illegal to reduce law enforcement budgets. The result? All other local government services will eventually be squeezed out.
