C_Clayton_Jones
Diamond Member
- Apr 28, 2011
- 78,434
- 38,767
"Reagan took the deficit from $70 billion to $175 billion. Bush 41 took it to $300 billion. Clinton got it to zero. Bush 43 took it from zero to $1.2 trillion. Obama halved it to $600 billion. Trump’s got it back to a trillion."
www.politifact.com
One can play the ‘under’ game and assign blame or credit where applicable – which currently reflects poorly on Republican presidents.
Or one can acknowledge facts and the truth: that presidents have little – if anything – to do with economic conditions during their respective administrations. That economies, good or bad, are often the consequence of global conditions or events beyond control of a given administration – such as responding to a pandemic (Trump) or the Fed fighting inflation with sky-high interest rates (Biden).
How the past five presidents affected the deficit
This article was updated Aug. 2 to include a graph with the annual federal deficit in constant dollars. A viral post por
www.politifact.com
One can play the ‘under’ game and assign blame or credit where applicable – which currently reflects poorly on Republican presidents.
Or one can acknowledge facts and the truth: that presidents have little – if anything – to do with economic conditions during their respective administrations. That economies, good or bad, are often the consequence of global conditions or events beyond control of a given administration – such as responding to a pandemic (Trump) or the Fed fighting inflation with sky-high interest rates (Biden).
