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Under Trump's Administration, America's National Debt Has Increased by Nearly $7 Trillion
It seems deficits only matter when a Democrat is president
https://www.newsweek.com/under-trumps-administration-americas-national-debt-has-increased-nearly-7-trillion-1532352
The U.S. national debt has ballooned under the administration of President Donald Trump, increasing by nearly $7 trillion in less than four years.
Trump took office in January 2017 after promising to eliminate the national debt during his presidency. When he took the presidential oath, the national debt stood at about $19.95 trillion. As of August of this year, the national debt was estimated to stand at about $26.73 trillion—an increase of about $6.78 trillion during Trump's tenure and a drastically different result from what the president promised.
While trillions of dollars have been added to the national debt over the past few months due to massive financial stimulus spending to address the economic fallout of the coronavirus pandemic, economists point out that the debt was already increasing significantly prior to the COVID-19 outbreak. Before the pandemic, the debt had increased to more than $23 trillion in January. This occurred despite strong economic growth during Trump's first three years in office.
The U.S. national debt has ballooned under the administration of President Donald Trump, increasing by nearly $7 trillion in less than four years.
Trump took office in January 2017 after promising to eliminate the national debt during his presidency. When he took the presidential oath, the national debt stood at about $19.95 trillion. As of August of this year, the national debt was estimated to stand at about $26.73 trillion—an increase of about $6.78 trillion during Trump's tenure and a drastically different result from what the president promised.
While trillions of dollars have been added to the national debt over the past few months due to massive financial stimulus spending to address the economic fallout of the coronavirus pandemic, economists point out that the debt was already increasing significantly prior to the COVID-19 outbreak. Before the pandemic, the debt had increased to more than $23 trillion in January. This occurred despite strong economic growth during Trump's first three years in office.
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