3 ms·
That's extremely misleading. For one, that includes interest accrued on the already existing debt. For two, that doesn't take into account that when Obama becam
by DSMan195276 9y ago
That's extremely misleading. For one, that includes interest accrued on the already existing debt. For two, that doesn't take into account that when Obama became president we were in a major recession, and combating that was why the deficit ballooned the first few years of his presidency. We're not in a major recession anymore.
For three, the deficit (which is approximately the $1 trillion number being talked about here) for 2017 when Obama left was $666 billion. He averaged around a 1 trillion deficit [0]. The Republican's have increased it from $666 billion (And the even lower projected value) to the $1 trillion talked about here.
[0] https://www.usgovernmentspending.com/federal_deficit_chart.html https://www.usgovernmentspending.com/federal_deficit_chart.h...