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by dgb23 499 days ago
Except that is inaccurate. With the exception of the Biden admin, Republicans have been increasing the national debt at a _much_ higher rate.

Both private and public dept have been rising rapidly since the 70/80's and the introduction of neoliberal policies. Real wages have stagnated, so Americans go into debt. Tax cuts for the rich, so the US has to borrow.

2 comments

Yes I agree with that.

I’m just talking about what they say rather than reality.

I’d have edited for clarity but I missed the window.

> With the exception of the Biden admin

The last year in office Trump was spending $8 trillion a year and Biden left office spending $6.7 trillion.

Yes, but it would be dishonest to claim that only Republican admins drastically increased the deficit. Biden is an exception. I’m not comparing him to Trump either.