4.8 • 965 Ratings
🗓️ 26 June 2024
⏱️ 6 minutes
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Let's talk about Biden, Trump, and debt....
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0:00.0 | Well, howdy there internet people, let's bow again. So today we are going to talk about |
0:06.2 | Trump and Biden and debt because I've gotten a number of questions about this over the last I don't know three maybe four weeks because |
0:16.2 | Trump's been out there kind of playing it up and saying that Biden is just spending so much money and giving so much money away and it's |
0:26.1 | you know it's all bad and making it seem as though Biden is a big source of debt when it comes to the national debt. |
0:37.0 | So we're going to go over those numbers. |
0:41.0 | This is 10- year new borrowing. |
0:44.0 | We will go over the gross numbers as well because I know somebody's going to ask. |
0:48.0 | But for Trump, during his time, 8.4 trillion. |
0:54.0 | That's what was added to the debt. |
0:57.0 | Biden 4.3. |
1:02.0 | And I know right now somebody's got their hand raised and you're going to say, but COVID, fine, let's take |
1:09.4 | Trump's COVID relief out of it. That was 3.6 trillion, which leaves him with 4.8 trillion, which is still more than |
1:20.3 | Biden's 4.3 trillion. But if you're going to take out Trump's COVID relief, you have |
1:27.9 | to take out Biden's as well. And Biden's was 2.1 trillion, leaving him with 2.2. |
1:36.0 | So 4.8 to 2.2 or 8.4 to 4.3. |
1:41.0 | It doesn't matter how you cut it. |
1:44.0 | Trump added way more, almost double, |
1:48.0 | than Biden did. |
1:51.0 | Gross numbers because I know somebody's not going to want to hear the massaged ones. |
1:59.3 | Trump approved 8.8 trillion of gross new borrowing and 443 billion of deficit reduction. |
2:07.8 | That's where you get the 8.4 number. |
2:10.3 | Biden did 6.2 trillion of gross new borrowing and 1.9 trillion of deficit reduction. |
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