Jake Starkey
Verified User
You will just lie. Trump will be a bigger waster than Biden by the end of the year.
All his oligarchic friends getting richer as children go hungry and become cold.
Media and Leftists conclusion: Trump created an affordability crisis
- Thread starter Libhater
- Start date
All his oligarchic friends getting richer as children go hungry and become cold.
T.O. Goodwin
Well-known member
All I am saying is check the actual statistics and pure facts and don't listen to any rhetoric or opinion at all. Just the proofs and just the facts period. Ideology is moot stats are verifiable evidence and stand on their own.
Key Debt and Deficit Statistics
- According to the dataset maintained by U.S. Department of the Treasury, total U.S. federal debt outstanding was about US$35.46 trillion at the end of fiscal year 2024. FiscalData+1
- By the end of fiscal year 2023, reported debt was roughly US$33.17 trillion; by end of 2022 about US$30.93 trillion; and by end of 2021 about US$28.45 trillion. FiscalData
- This reflects a rough increase of US$5–7 trillion in total debt over the period from 2020 to 2024.
- The annual federal budget deficit for fiscal year 2024 was about US$1.8 trillion. CRFB+1
- That deficit level ranked among the highest in U.S. history outside of the pandemic-era years. CRFB+1
- As of late 2025, estimates place total gross federal debt around US$38.09 trillion. Joint Economic Committee+1
- According to a recent report from the Committee for a Responsible Federal Budget (CRFB), during his full term former Donald J. Trump approved about US$8.4 trillion in new ten-year borrowing, or about US$4.8 trillion when excluding emergency pandemic-related legislation. CRFB
- In contrast, in his first three years and five months (as of mid-2024), Joseph R. Biden Jr. had approved roughly US$4.3 trillion in new ten-year borrowing, or about US$2.2 trillion excluding the major COVID-era relief bills. CRFB
- As a proportion of economic output, the gross federal debt has reached around 124 percent of GDP as of late 2024. Trading Economics+1
What These Stats Show — With No Interpretation
- Debt outstanding rose from ≈ US$28.45 trillion by end-2021 to ≈ US$35.46 trillion by end-2024 — an increase of ~US$7.0 trillion over three years. FiscalData+1
- The 2024 deficit of ~US$1.8 trillion is among the largest in U.S. peacetime history. CRFB+1
- Presidents’ legislative actions differ: under Trump, ~US$8.4 trillion in new long-term borrowing was approved over four years; under Biden, ~US$4.3 trillion over roughly 3.5 years (as of mid-2024). CRFB
- Debt-to-GDP ratio recently exceeds 120 percent. Trading Economics+1
Stats don't support your claims.
That's nice.
https://fiscaldata.treasury.gov/datasets/historical-debt-outstanding/?utm_source=chatgpt.com
Speculating future debt to excuse Obama's Biden disaster is intellectually dishonest.
Massive increase by Obama's Biden Junta.
https://fiscaldata.treasury.gov/datasets/historical-debt-outstanding/?utm_source=chatgpt.com
Under Trump it was the Covid relief funding. You are being extremely dishonest in your attempt to gaslight.
Jake Starkey
Verified User
Trump will be over 11 trillion by the end of next year.
T.O. Goodwin
Well-known member
The figures I provided are not projections, speculation, or reinterpretations. They are literal excerpts from the U.S. Treasury’s “Historical Debt Outstanding” dataset and the Committee for a Responsible Federal Budget’s published analyses. You are free to disagree with my conclusions, but the numerical statements themselves are not in dispute.
The Treasury numbers you quoted back at me are exactly the ones I used.
Debt at end of FY 2021: ~28.45T
FY 2022: ~30.93T
FY 2023: ~33.17T
FY 2024: ~35.46T
Source: U.S. Treasury, FiscalData.
These are not “speculations” or “excuses”; they are the official totals. They show a ~7T rise during Biden’s term because that is what the Treasury dataset records.
The deficit figure (~1.8T for FY 2024) comes directly from CRFB.
CRFB is a non-partisan budget watchdog. Their conclusion that FY 2024 was one of the largest non-pandemic deficits is their wording, not mine. Again, this is a reported number, not an interpretation.
The 8.4T (Trump) and 4.3T (Biden) ten-year borrowing numbers are taken directly from CRFB’s comparison report.
CRFB provides both “total” and “excluding COVID relief” numbers for each president. I quoted both to avoid selective framing. These are not inventions; they are the published figures in the report I linked.
Saying that debt rose sharply during Biden’s term is simply a description of the dataset.
I did not say he “caused” all of it. I said the debt rose from ~28.45T to ~35.46T while he was in office. That is a factual, time-stamped observation. Whether one attributes that rise to inherited conditions, legislative choices, economic cycles, or global events is a separate debate.
Your claim that I am ignoring COVID relief under Trump is incorrect.
In the very same outline you are criticizing, I cited CRFB’s distinction between:
– Trump total borrowing: ~8.4T
– Trump excluding COVID: ~4.8T
– Biden total borrowing: ~4.3T
– Biden excluding COVID: ~2.2T
If anything, I went out of my way to avoid the simplistic narrative you are accusing me of using.
The dispute here is not about the numbers. The numbers come directly from the Treasury and CRFB. The disagreement is about interpretation, but you cannot dismiss the figures themselves as “dishonest” when they are reproduced exactly from the sources provided. If you want to argue causes or responsibility, that is a different conversation — but the empirical record is not in question.
My position is straightforward and fully supported by the public record. I cited the debt levels recorded by the U.S. Treasury at the start and end of Biden’s term and at the start of Trump’s current term and late 2025. I also cited CRFB’s published figures on new ten-year borrowing approved under each president. These are not projections or interpretations; they are time-stamped facts from the sources provided. My statements describe what the debt was during each presidency, not who personally “caused” each increase, which is a separate analytical question involving Congress, inherited obligations, interest, and economic conditions.
The pushback you are making assumes I was assigning full causal responsibility to one president or absolving another. I made no such claim. You are reading a narrative into the numbers that I did not assert. The data show only the debt levels over time and the borrowing approved in specific legislative periods. Any further interpretation is coming from your assumptions, not from what I actually wrote.
Althea
Althea told me...
An accurate depiction for those who choose to remember recent history. I seem to also remember (my GFwas one of the worst) that supply chains were taxed more than normal after months of bored sequestered Americans spending all day ordering from Amazon. Given that everything comes from China, warehouses were empty after months of record purchasing.
Do you agree that corporations took advantage of inflation, and simply kept hiking prices long after supply chains recovered?
America's biggest companies can't stop bragging to investors about how they're charging you more
"What we are very good at is pricing," Colgate Palmolive's CEO said last week as several companies touted their ability to pass costs to consumers.
www.businessinsider.com
Althea
Althea told me...
At the end of this reign of terror, his golfing costs to Americans will be 1/2 billion dollars. He's already nearing 100 million since January.
T. A. Gardner
Serial Thread Killer
Yes, spending is a problem. The Chinese Disease lockdown was kind of unique as an occurrence. Much of the economic loss there was due to the lockdown rather than new spending, or at least as much so.
Biden came into office and rather than show fiscal conservativism, immediately started spending trillions in new borrowing.
Jake Starkey
Verified User
Do you agree that corporations took advantage of inflation, and simply kept hiking prices long after supply chains recovered?
America's biggest companies can't stop bragging to investors about how they're charging you more
"What we are very good at is pricing," Colgate Palmolive's CEO said last week as several companies touted their ability to pass costs to consumers.
Do you agree that we take advantage of sales and heavy inventories?
I don't think you point is valid to the discussion.
Althea
Althea told me...
I don't think you understand the topic.
Jake Starkey
Verified User
You want to twist it out of shape.