Obama Added $1.17 Trillion Per Year To The National Debt Over 8 Years. Only 2 Presidents Have Added More.
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If only you actually understood how this debt keeps accumulating
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Is that why Trump wants to increase military spending by 50% ?
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The stoic fiscal hawks of the dead maga party say that debt doesn't matter.
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Nominal dollars, not inflation-adjusted. A dollar added in 1981 is not equivalent to a dollar added in 2024. Unadjusted figures mechanically favor recent presidents because both the economy and the debt are far larger now.
Inauguration-day snapshots. Figures use Total Public Debt Outstanding on inauguration day, per Congressional Research Service tracking. Fiscal-year-end (Sept. 30) snapshots yield slightly different numbers.
First-year figures are partly inherited. Budgets and appropriations run on a lag. Early months of any term operate under levels set by the prior administration and Congress.
Congress controls appropriations and revenue law. These figures describe what happened during each presidency, not sole responsibility.
Unusual term boundaries. Presidents such as Nixon and Ford have years-in-office numbers that are standard term-boundary approximations.
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Obama Added $1.17 Trillion Per Year To The National Debt...
Trump is only 590 days into his second term... so there's plenty more wasteful spending yet to come.