Which President Rang Up the Highest Budget Deficit?Yet Trump has exceeded the deficit spending of Obama... without a recession and an economy in need of bail out. How does that compute for you?oh come on... trump has been working with rates between .39% and 2.16% averaging closer to 1%. Your other points are just subjective observations. You’ve glosses right over my point to try and focus on this crap. Come on man. I’m not making a case that Trump has destroyed the economy. I’m just saying he is full of shit when it comes to the economic talking points.I look at more than just the end numbers, Slade! I look at one President who's working with almost a zero interest rate from the Fed for the longest time in US history compared to another that has had to absorb 5 rate increases since he was elected. I look at one President who allowed our international competitors to run roughshod over us and compare that President with one that took a principled stand against those same competitors...hit them with tariffs...and got them to stop screwing us so badly. I look at one President who understands what induces hiring and growth by the Private Sector and one who never could figure out why he couldn't get investors to risk their capital! Trump plays chess with the economy...Obama used to lose at tic tack toe!
best scenario would be to get Trump out of the White House. Get the Reps in control of the house and Dems in control of the senate.
That is actually true, the interest rates Trump has been working with were low. So were the rates his predecessor had, with major difference; at the beginning of his presidency Trump didn't have trillion dollar stimulus to boost the economy.
They're close.
Link?
President Donald Trump: Total Actual plus Budgeted = $4.040 trillion, a 20% increase. That's one reason why so many argue that Trump may not be better than Obama for the economy. Trump did not have to fight a recession during his term. It's usually better to have contractionary fiscal policy during an expansion instead of adding to the nation's debt.
- FY 2021 - $1.068 trillion.
- FY 2020 - $1.101 trillion.
- FY 2019 - $1.092 trillion.
- FY 2018 - $779 billion.
President Barack Obama: Total = $6.785 trillion, a 57% increase.
- FY 2017 - $666 billion. Although Trump requested additional spending, Congress did not approve it.
- FY 2016 - $585 billion.
- FY 2015 - $438 billion.
- FY 2014 - $485 billion.
Those are some funny numbers, without link of course.
Check how much debt increased by president, by year.
US Debt by President by Dollar and PercentageTrump plans to add $5.088 trillion to the debt in his first term.8 That's a 25% increase from the $20.245 trillion debt at the end of Obama's last budget for FY 2017. If he remains in office for a second term, he plans to add $9.1 trillion for both terms.
Barack Obama: Added $8.588 trillion, a 74% increase from the $11.657 trillion debt at the end of Bush’s last budget, FY 2009.
- FY 2021 - $1.276 trillion
- FY 2020 - $1.281 trillion
- FY 2019 - $1.260 trillion
- FY 2018 - $1.271 trillion
- FY 2017 - $671 billion
- FY 2016 - $1.423 trillion
- FY 2015 - $327 billion
- FY 2014 - $1.086 trillion
- FY 2013 - $672 billion
- FY 2012 - $1.276 trillion
- FY 2011 - $1.229 trillion
- FY 2010 - $1.652 trillion
- FY 2009 - $253 billion. Congress passed the Economic Stimulus Act, which spent $253 billion in FY 2009.9 This rare occurrence should be added to President Obama's contribution to the debt.
Also, you said "It's usually better"... according to whom, Krugman?
Maybe economists can agree on that, but we've been following their advises for decades, and look where we are. Maybe it's time to try different approach. Get back country's economy on track, rebuild military, stabilize budget, then make cuts. It may work, or not, it remain to be seen. Either way, we can't be much worse off, if any than we've been before Trump.
One thing is for sure, it wont happen if Congress doesn't cut spending. That is where problem is, not in revenue.