As tempting as it is to tune out news about the debt ceiling and budget deals, it’s time to pay attention. The excellent Daily 202 from James Hohman and the Washington Post breaks down how bad red ink has gotten under Trump.
Estimated deficit for 2019: $1 trillion +
Deficit for 2018: $779 billion
Deficit for 2016: (Obama) $587 billion
National debt as of July, 2019: $22 trillion
National debt at Trump inauguration: $19 trillion
As we remember, Pres. Obama used debt to successfully stimulate an economy that was collapsing as he took office.
Trump used debt to finance a huge tax break for corporations and rich folk, which he and the Republicans said would make things better for us average Joes.
Here’s the full quote: […]