A total lie.
The U.S. national debt was more than $31.42 trillion in December 2022.
The debt at the end of 2020 was $27.7 trillion.
So, 31.4 trillion - 27.7 trillion is 3.7 trillion.
First bullet point under Key Takeaways (at the top under the picture.
Current debt clock at $34.8 trillion.
So, $34.8 trillion - $31.42 trillion would be 3.4 trillion added between the end of 2022 to this current day.
3.4 trillion + 3.7 trillion for a total of 7.1 trillion that has been added so far to the national debt of the same type of borrowing with seven months remaining in his term. Not the 4.3 trillion they falsely claim.
I've heard several people saying that a trillion dollars will be added to the national debt every 100 days.
Since this is a leap year, there are 366 days in 2024. We are currently on day 178. So, 366 - 178 = 188 days remaining (188 + 178 = 366).
So, 7.1 trillion currently + 1 trillion would = 8.1 trillion.
With another 88 days remaining in 2024 + 20 days in 2025 means that there are 108 days remaining in Biden's first, and hopefully last, term.
Thus, 8.1 trillion + 1 trillion = 9.1 trillion as the possible Biden dent added to the national debt.
Regardless, I doubt there is any way it will be less than the $8.4 trillion Trump added to the national debt.
In addition, the fact that Saudi Arabia has refused to renew petro-dollars agreement., The U.S. dollar is now a completely fiat currency. We may currently be the best currency available, but it is without question being viewed as increasingly becoming a real risk. Prediction, higher inflation will be the reality. Trump will face a daunting situation created by both parties with their refusal to take on the out-of-control spending that is bankrupting this nation, and all of us as well.
I hate to defend Biden, I truly do, but your math is so faulty it can’t be avoided. And I’m not really defending Biden anyway, I’m defending the intergity of the math when it comes to these types of calculations.
Specifically, national debt with regard to a President is not calculated simply by starting the count on the day that person becomes President, and ending on the day the leave office, as you are always clearly attempting to do.
It is instead based on how many obligations that President assumed while President, even if the spending takes place after they leave office. Likewise, any Presidents contribution to the debt isn’t based on obligations made by previous Presidents.
Now typically, obligations are only for one year, and therefore do often align with that President’s term. But not always. For example, the tax cuts that Trump signed into law actually were being paid for in many instances by expected debt after he left office, and are therefore added to his contribution to the debt, verses added to the Presidents that come after him.
It takes studies from offices like he congressional budget office to accurately come up with figures attributed to actions by a President. You calling someone else a liar when you don’t even understand the basics of these calculations is shameful.