Recent Contributions to our National Debt

From Investopia, on the last two presidential administrations’ contributions to the national debt:

Donald Trump; $6,700,491,178,561.60 (~ $6.7 trillion)

Joe Biden; $4,738,415,474,674.48 (~ $4.7 trillion)

Outside of the $2 trillion difference, a major consideration is that Trump gave trillions of dollars in tax breaks to the wealthiest individuals and corporations, while Biden invested in our country’s infrastructure, most of which is focused on things that the common American finds valuable, e.g., healthcare, education, and the decarbonization of our energy and transportation sectors.

Tagged with:

Leave a Reply

Your email address will not be published. Required fields are marked *

*