not as much as inheriting several wars, a financial crisis and Katrina all at the same time.....that shit wasn't going to fix itself....and it was all expensive. Still is....
Trump inherited several more wars than Obama did. Nobel Peace Prize, my ass. And all that doesn't come close to $10T in new debt.
so.... debt went up 73% under Obama , but very nearly tripled under Reagan, under bush 101%. these numbers are correct?
Up 100% from $1 to $2 is better than up 100% from $100 to $200? Keep your eye on the $200 figure. We pay interest on the $2 AND the $200. More debt than EVERY president in history before him, combined. Recklessly spent. I'm not sure of any things all that money bought.
It bought time...pretty clearly...and if you look back, after 9/11 the recovery period was stated to take several decades to recover...I'm sure lots was recklessly spent...still is.
but it wasn't one to 2 it was .977 trillion to 2.85 trillion for Reagan and from under bush it went up 5.85 trillion and Obama 7.9 trillion.
the national debt actually went down under Carter and Clinton. both of whom were the immediate previous administrations to the increases of Reagan and Bush
At the time they said about 30 years....without policing every unstable region of the planet it might actually take less time.
The national debt did not go down under Clinton or Carter. The facts simply show otherwise. Even in the years there was a so-called surplus, the debt went up. https://www.treasurydirect.gov/govt/reports/pd/histdebt/histdebt_histo4.htm https://www.treasurydirect.gov/govt/reports/pd/histdebt/histdebt_histo5.htm The Carter disaster years:
Not my words...that was the prediction of many after 9/11........people need their instant gratifications but I'd say a 30 year recovery across the board was a reasonable projection....we've gone through reconstruction after the civil war, WWII....a hell of a lot as a nation. We've also forgiven debts to many nations since the big war...it's not some isolated Obama blunder as much as you'd like it to be......now if Trump pisses off China enough, it'll be a problem sooner rather than a solution later....choices
Let's just say that it's in China's interest for us to be making money....10 Trillion debt is a hell of a lot of leverage...even with Trump's tendency to insult the Chinese they are smart enough to know our economies are tied to each other for mutual benefit.
you are right , I misspoke about the debt was thinking budget surpluses. the carter disaster years, are seriously misrepresented by you. he was president from 77-80. the debt increased some$299 billion followed by a $3 trillion national debt and a $2 trillion increase in the 8 years following his presidency, the Reagan years. Clinton served from 93-2000 and an increase in the debt of $1.28 trillion despite budget surpluses. I get it, debt service and the like. Bush followed Clinton and increased the debt by nearly $6 trillion. this is from your provided charts. these massive increases in the debt followed massive tax cuts? I cannot wait for your spin in 4 years if the present government is able to again provide the "people" with another tax cut. just think "Kansas". Trickle down is a broken promise.
embrace the new century brah, Reagan economy was good, with costs. how about how great 2000-2008 was and the resulting disaster it wroth ? no free lunch, great for some but most were left out or negatively impacted in the end.
