Trump added $8.4 trillion to the national debt: Analysis

The Hill ^ | 01/24/2024 | TOBIAS BURNS

[Farcesensitive]

Congress passed all the budgets by veto proof margins.

[Gaffer]

So? Ubama Bin Laden did worse. His regime destroyed pensions and savings because of the Democrat-caused housing loan crisis and his resulting $1T/year Quantitative Easings (FOUR of them) started the whole grossly excess deficit spending, IMO.

At least with Trump we got something back from it. Got nothing from Ubama but money to his cronies.

[jpl]

Borrowing massive amounts of money at 0% interest is only smart if you have a real plan in place to actually pay the money back in a reasonable timeframe.

It's stupid as hell if that plan doesn't exist, because only a complete and total fool would ever believe that interest rates can stay at zero forever. It was inevitable that at some point they would go up and that zero percent debt would have to be rolled over at a much higher rate. And that's exactly the disastrous disaster we've gotten ourselves into now.