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by vancan1ty
3007 days ago
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As with most things that can be measured, it depends on your POV and agenda. In 2017 dollars Regan increased the debt by ~ 4.15 trillion, while Obama increased the debt by ~ 8.88 trillion (using the numbers found at your link (which is just one way of counting the debt for a president), taking the the entire debt increase as a lump payment in the middle of the presidency and using this inflation calculator to estimate the amount forward to the present http://www.in2013dollars.com . So in absolute terms Obama increased the debt by more than twice as much as Regan who had "insane deficit spending" according to you. Also you state that Trump is on track to increase the deficit in 4 years more than Obama did in 8 years. I believe this is a lie -- the estimated numbers even on that website show 1.233+1.225+1.193+1.119=4.775 trillion over four years for Trump which is marginally less than Obama spent over his first four years (even excluding the Economic Stimulus Act in 2009) of 0.672+1.276+1.229+1.652=4.829 trillion even before adjusted for inflation. On what planet is 4.8 trillion more than 8.9 trillion? |
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