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kurtcagle

(2,654 posts)
5. Perspectives
Tue Jan 26, 2021, 02:35 PM
Jan 2021

The national debt went up $8 trillion under Obama in eight years, of which about half came from moving the costs of Bush's war onto the books (it had been unaccounted for in Bush's budget). That means that Trump would have been on track to see the budget deficit explode to between $18 and $20 trillion dollars if he'd gone another four years.


Also, the total GDP of the US is roughly $15 trillion a year.

I really wonder how much of that made its way to offshore accounts courtesy of der Cheeto.

Recommendations

0 members have recommended this reply (displayed in chronological order):

Do you have a link to your source? Under The Radar Jan 2021 #1
Meter is still running Johnny2X2X Jan 2021 #2
Most provide a source! Nt USALiberal Jan 2021 #3
National Debt By President DanieRains Jan 2021 #4
Perspectives kurtcagle Jan 2021 #5
And Paying For Bush's Recession DanieRains Jan 2021 #6
Man where did the stupid debt meter go during the past 4 years? LeftInTX Jan 2021 #7
It's called Redistribution of Wealth no_hypocrisy Jan 2021 #8
Latest Discussions»General Discussion»The National Debt Went Up...»Reply #5