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Debt in the Time of Plague
American Thinker ^ | 20 Oct, 2021 | Jon N. Hall

Posted on 10/20/2021 4:47:22 AM PDT by MtnClimber

There’s an undeniable synchronicity in the “disaster socialism” of 2020 and 2009, and it’s that in both years Democrats controlled the budget.

On August 11, President Joseph Robinette Biden spoke about his Build Back Better proposal, and he took the opportunity to allege this: “This isn’t going to be anything like my predecessor, whose unpaid tax cuts and other spending added nearly $8 trillion in his four years to the national debt. Eight trillion dollars.”

That Trump could have added $8T to the national debt made this kid’s ears prick up. Being fairly familiar with the history of federal deficits, I knew that the final deficit numbers for the first three fiscal years under Trump, 2017-2019, were each under a trillion bucks. If that’s correct, then an $8T total for four years would mean that the feds had borrowed more than $5T in Trump’s last year. Can that be right?

(Excerpt) Read more at americanthinker.com ...


TOPICS: Business/Economy; History; Society
KEYWORDS: buildbackbetter; buildbackdumber; communism

1 posted on 10/20/2021 4:47:22 AM PDT by MtnClimber
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To: MtnClimber

....I discovered that over his eight years Obama had presided over an increase in the public debt of $8.096T.

On August 13, two days after Biden’s speech, FactCheck.org of the Annenberg outfit ran “Biden Leaves Misleading Impression on U.S. Debt” by Lori Robertson, who confirmed my number for Obama’s debt as “$8.1 trillion”


2 posted on 10/20/2021 4:47:42 AM PDT by MtnClimber (For photos of Colorado scenery and wildlife, click on my screen name for my FR home page.)
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To: MtnClimber

That was Zer0 that did that.


3 posted on 10/20/2021 4:48:26 AM PDT by MtnClimber (For photos of Colorado scenery and wildlife, click on my screen name for my FR home page.)
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To: MtnClimber

Who is giving biden his talking points? Who is running his administration?


4 posted on 10/20/2021 5:43:44 AM PDT by subterfuge (RIP T.P.)
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To: subterfuge

That’s a question that probably has more than one answer to. I had never believed that Pres. Trump jacked up the budget that much; it just never made sense & still doesn’t. To attribute those big numbers to Obama, though, makes perfect sense for that loser. What is going on now might indicate that Obama still has his hand in things; screwing the country’s business up as usual. I doubt he’s the only culprit however. Biden seems to have trouble even remembering what day it is; no way is he eligible as president. There have been several names posed as those who might be making his policicies.


5 posted on 10/20/2021 6:47:17 AM PDT by oldtech
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To: MtnClimber

So what was the Trump debt ringup?

Fact is, Dems/Reps Presidents both are to blame


6 posted on 10/20/2021 6:57:25 AM PDT by FreshPrince
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To: MtnClimber

https://www.self.inc/info/us-debt-by-president/


7 posted on 10/20/2021 7:36:34 AM PDT by Thank You Rush
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To: oldtech

It’s undoubtedly a cabal of one-world globalists. It’s a shadow administration just like when Dorkbama was disgracing the office of president.


8 posted on 10/20/2021 7:42:55 AM PDT by subterfuge (RIP T.P.)
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To: AdmSmith; AnonymousConservative; Arthur Wildfire! March; Berosus; Bockscar; cardinal4; ColdOne; ...

9 posted on 10/30/2021 9:16:43 AM PDT by SunkenCiv (Imagine an imaginary menagerie manager imagining managing an imaginary menagerie.)
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To: subterfuge

Obama, Susan Rice, and Valerie Jarrett seems to be the most common conjecture on that.

The real question is, who is running them?


10 posted on 10/30/2021 9:19:05 AM PDT by FreedomPoster (Islam delenda est)
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To: FreedomPoster

Yes. Absolutely the right question. None of those 3 are very smart. Just evil.


11 posted on 11/01/2021 11:17:18 AM PDT by subterfuge (RIP T.P.)
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