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> Republican presidents have added about $1.4 trillion per four-year term, compared to $1.2 trillion added by Democrats since 1913. That doesn’t sound right, s
by TheSpiceIsLife 7mo ago
> Republican presidents have added about $1.4 trillion per four-year term, compared to $1.2 trillion added by Democrats since 1913.
That doesn’t sound right, so I spend twenty three seconds looking it up:
New Report Reveals Democrats Generated 90% of Federal Debt Held by the Public since WWII - https://www.jec.senate.gov/public/index.cfm/republicans/2011/5/democrats-in-congress-ran-up-most-of-america-s-debt https://www.jec.senate.gov/public/index.cfm/republicans/2011...
As of April 5, 2024, the national debt has grown by about $6.17 trillion, or 21.7%, since Joe Biden was inaugurated in 2021, according to the U.S. Treasury Department. - https://www.consumeraffairs.com/finance/us-debt-by-president.html https://www.consumeraffairs.com/finance/us-debt-by-president...
Joe Biden - $6.66 trillion - https://www.usatoday.com/money/blueprint/banking/national-debt-by-president/ https://www.usatoday.com/money/blueprint/banking/national-de...
- antonvs 7mo agoYour last source contradicts your first (partisan) source, and also mentions: > The national debt grew by more than $8.1 trillion during Donald Trump’s presidency, the largest four-year increase in the nation’s history.
- TheSpiceIsLife 7mo agoI was addressing the claim that Democrats had added merely $1.2 trillion since 1913. I apologise if that wasn’t clear enough.
- mapontosevenths 7mo agoYou misunderstood. That number is per 4 year term, and is an average. I probably could have phrased it more carefully to make that clear.
- TheSpiceIsLife 7mo agoStill, 1.4 vs 1.2 is a distinction without a difference. One party fucked us over slightly less than the other party isn’t really an argument in favour of either.
- mapontosevenths 7mo agoIts not the same at all though, because the right uses the deficit to excuse their selfish bullshit, like letting children starve, then they go on to increase it by more than the other side whenever they have power. We get wildly different results, even with the similar spending. The government exists to benefit the people, not the other way around, and only one side gets that.