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https://fiscaldata.treasury.gov/americas-finance-guide/national-deficit/ https://fiscaldata.treasury.gov/americas-finance-guide/natio... Yes, he did. Deficit s
by Jtsummers 2y ago
https://fiscaldata.treasury.gov/americas-finance-guide/national-deficit/ https://fiscaldata.treasury.gov/americas-finance-guide/natio...
Yes, he did. Deficit spending returned with George W Bush, reaching a high with the Global Financial Crisis, was getting back under control until Trump, and then peaked with COVID.
- ceejayoz 2y agoedit: Whoops.
- deleted 2y ago[deleted]
- Jtsummers 2y ago> getting back under control until Trump You seem to have misread my comment, I wrote "until", not "under". Also, it actually increased twice under Obama. The peak before COVID was in FY 2008 (fully under Bush), then it was slightly better in FY 2009 (Bush and Obama), then rose again in FY 2010 (fully Obama), then declined until FY 2016 when it rose again (fully Obama) and continued rising under Trump.