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It's All Politics
National debt tops $31 trillion for the first time. How much accrued under Biden?
submitted 1 year ago by SoCo from news.yahoo.com
[–]SoCo[S] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 0 fun2 insightful - 1 fun - 1 year ago (1 child)
As the we get reminded of the staggering number, pundits will try to make deceptive comparisons. Of course, they will focus on trying to bully Trump.
Let's all remember that about $4.7 trillion in national debt incurred under Trump, was largely due to the 2018 and 2019 budget bills passed by congress. These two "bipartisan" budget bills, were both forced under threat, almost completely controlled by Democrats who made quite the political controversy over it, when it caused the government shut down both times, including the longest government shutdown in history.
"By passing the Bipartisan Budget Act of 2019, we have ended the threat of harsh austerity cuts and set the stage for strategic investments in our nation’s future," Rep. John Yarmuth, D-Ky., the chairman of the House Budget Committee, ABC News reported
Propublica, on the other hand, complained that under trump, there were no investment in the nations future...
Propublica did, however, point out the huge and continuing rise of mandatory spending (Social Security and Medicare).
[–]Bigs 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 0 fun2 insightful - 1 fun - 1 year ago (0 children)
Trump still claims responsibility for the clot-shots of death and destruction, so fuck that clown.
[–]BobKortez 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 0 fun2 insightful - 1 fun - 1 year ago (0 children)
That's funny money aka fiat money
[–]quantum-step 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 0 fun2 insightful - 1 fun - 1 year ago (0 children)
How much acquired under Pelosi?
[–]SoCo[S] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 0 fun2 insightful - 1 fun - (1 child)
[–]Bigs 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 0 fun2 insightful - 1 fun - (0 children)
[–]BobKortez 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 0 fun2 insightful - 1 fun - (0 children)
[–]quantum-step 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 0 fun2 insightful - 1 fun - (0 children)