Statistical indicators of President Trump’s four years in office.
Trump’s Final Numbers
Issues: deficits
Biden Leaves Misleading Impression on U.S. Debt
In promoting his own spending priorities, President Joe Biden blamed his predecessor’s “unpaid tax cuts and other spending” for increasing the national debt by nearly $8 trillion over four years. The total debt figure is correct, but trillions of that were due to bipartisan coronavirus relief packages.
Senators Claim Infrastructure Bill Is ‘Paid For’; Experts Disagree
Both Democratic and Republican senators who negotiated a bipartisan infrastructure bill have claimed the legislation is “paid for.” But a budget watchdog group says the bill only pays for about half of the $548 billion in new spending.
What President Biden Inherits
A raging virus, a struggling economy and a fast-growing mountain of debt.
Mnuchin Spins Pre-COVID Path to Debt Reduction
An analysis by the Congressional Budget Office contradicts Treasury Secretary Steven Mnuchin’s claim that before COVID-19 hit, the U.S. was experiencing “extraordinary” economic growth that “would pay down the debt over time.”
Buttigieg Gives Trump Too Much Blame for Debt
Democratic presidential candidate Pete Buttigieg blamed tax cuts backed by President Trump for creating the nation’s debt problem. But while those tax cuts are worsening the nation’s debt, spiraling deficits and debt over the next decade were projected even before those tax cuts were enacted.