Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

Well, I think just very rough numbers Biden added about 7 trillion, which was about the same as Trump 1, driven of course by the pandemic. I think we’re headed for another 6 or 7 trillion under Trump 2, give or take tariffs and whether we can Art of The Deal our way with Xi’s communist empire and enter some new era of AI driven prosperity. So if the total debt is, rough numbers, about 40 trillion, then the past 3 admins account for a substantial fraction 15-20 trillion, tough numbers, given that the economy has been objectively strong since Obama’s second term. We should have decreased to debt in those years of strength, aside from the short few months of the pandemic when vaccines were needed and temporary lockdowns had to be subsidized.


Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: