You seriously cannot be this incompetent? Wrong in so many ways. It went up under all three of them.
National debt is the accumulation of deficits.
Biden didn't raise any taxes until is 2025 budget. Why is that?
Based on the information available, the U.S. national debt increased during President Clinton's time in office (1993-2001), but at a slower rate compared to his predecessors.
Here's a summary of the key data points:
Debt at Start: $4,411,488,883,139.38
Debt When Leaving Office: $5,807,463,412,200.06
Total Debt Change: $1,395,974,529,060.68
Debt Change Percentage: 31.64%
Average Annual Debt % Change: 4.07%
During the Obama administration (2009-2017), the U.S. national debt increased significantly.
Key figures regarding the national debt increase under Obama:
Gross Debt: The national debt grew from $10.6 trillion when Obama took office to nearly $20 trillion by the end of his term. This represents an increase of approximately $9.4 trillion.
Debt Held by the Public: This measure, considered more economically meaningful, more than doubled from $6.3 trillion to $14 trillion.
Percentage of GDP: The debt held by the public nearly doubled as a share of the economy, rising from 39.4% at the end of FY 2008 to 75.4% projected at the end of FY 2016.
The Heritage Foundation
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