Your math sucks, speedy. You claim Trump will add $6.2 trillion in deficits in his first term. Then you break it down by year. My math says 666 + 779 + 1092 + 1101 = $3.6 trillion.
$3.6 trillion is way less than $6.2 trillion.
Wanna try again?
Oh, and odumbo added $9.317 trillion to our national debt in 8 years, not $6.785 trillion. You understated his debt profligacy by over $2.5 trillion!
Here are the exact numbers:
National debt on 1/20/09 - $10,627 billion
National debt on 1/19/17 - $19,944 billion
Wanna check my math? Here's a website where you can track the national debt by exact date:
https://treasurydirect.gov/NP/debt/current
Enjoy!
Originally Posted by lustylad
I can't find the sources for the numbers in my previous post so I will say some of the numbers were incorrect. So, as you suggested, I'll try again.
Yes, Obama ran up a $9.317 trillion deficit while in office for 8 years. Restoring our economy from the worst recession since the great depression.
"Based on the CBO's projections, Trump will have accumulated $3.73 trillion in new debt by the end of the 2020 fiscal year, which, because of federal budget rules, actually runs until the end of September 2020. And by the end of fiscal 2024, the last year of Trump's second term if he wins reelection, the total debt added is projected to come in at $8.78 trillion."
However, here is a 2nd source of Trump's projected deficits:
U.S. Debt Increase by Fiscal Year Since 1960
The U.S. Treasury Department has historical tables that report the annual U.S. debt for each fiscal year since 1790. This data has been compiled for each president as detailed below.
Donald Trump: As projected in Table S-10 in the FY 2020 budget, Trump plans to add $5.088 trillion to the debt in his first term. That's a 30 percent increase from the $20.245 trillion debt at the end of Obama's last budget for FY 2017. If he remains in office for a second term, he plans to add $9.1 trillion. Trump had promised to eliminate the debt during his campaign.
FY 2021 - $1.276 trillion.
FY 2020 - $1.281 trillion.
FY 2019 - $1.314 trillion.
FY 2018 - $1.217 trillion.
Barack Obama: Added $8.588 trillion, a 74 percent increase from the $11.657 trillion debt at the end of Bush’s last budget, FY 2009.
FY 2017 - $672 billion.
FY 2016 - $1.423 trillion.
FY 2015 - $327 billion.
FY 2014 - $1.086 trillion.
FY 2013 - $672 billion.
FY 2012 - $1.276 trillion.
FY 2011 - $1.229 trillion.
FY 2010 - $1.652 trillion.
FY 2009 - $253 billion. Congress passed the Economic Stimulus Act, which spent $253 billion in FY 2009.
So Trump's increase in the deficit, during healthy economic times in our country, will be slightly less than what Obama rang up while restoring our economy from the pits.
I guess it depends which side of the fence one is on as to which POTUS had the greater negative impact on the deficit. Trump campaigned on eliminating the deficit. This is one campaign promise, among many, where he has failed to live up to his promise.
