4 ms·
I don’t follow your logic. The recent legislative choice by the current administration is continued tax breaks, corporate tax holidays, and capricious tariffs.
by rawgabbit 3mo ago
I don’t follow your logic. The recent legislative choice by the current administration is continued tax breaks, corporate tax holidays, and capricious tariffs. There is no serious discussion about the debt.
- spwa4 3mo agoNobody spends like republicans. Trump increased the national debt by $7.8 trillion in his first term (rising from ~$19.9 trillion at inauguration to ~$27.75 trillion when he left office), 39% increase (more than WW2, the Manhattan project and the Moon landing combined) Each and every US citizen will be required to pay $22,400 for the (ahem) accomplishments of Trump's first term. So far in his second term, Trump has added $3.2 trillion so far, if you calculate by the end of his second term it will be about $8.8 trillion. Each and every US citizen will be required to pay $25,000 for his accomplishments now. For comparison: you owe $9,200 for Barack Obama's last term, and $20,300 for Joe Biden's term. Oh and Clinton was by far the cheapest president since WW2, increasing the debt by a measly $600 during his 2nd term.
- rawgabbit 3mo ago[flagged]