- Sep 19, 2011
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I've heard several Democrats blame Trump/GOP for raising the national debt and I don't disagree!
Trump's additional spending DID raise the debt.
"Hey Republicans do you still care about the national debt? Because Trump just increased it by $8.3 TRILLION in four years. Just sayin."
But why did Democrats also vote to raise the debt?
Under Trump's first four years as president, the national debt has markedly increased,
including significant spending by the federal government to combat the COVID-19 pandemic.
AND the economic reason for this additional spending that raised the debt???
From the most recent peak in the fourth quarter of 2019, the United States experienced two consecutive quarters of declines in GDP; it even recorded its steepest quarterly drop in economic output on record,
a decrease of 9.1 percent in the second quarter of 2020 (Bureau of Economic Analysis [BEA] 2020a; authors’ calculations).
www.brookings.edu
BIG BIG FACT decrease of 9.1 percent in the second quarter of 2020 ...the steepest quarterly drop in economic output on record,
WHY? COVID which the MSM helped blow way out of proportion, closed businesses, funded millions of Americans
Current-dollar GDP decreased 2.3 percent, or $500.6 billion, in 2020 to a level of $20.93 trillion,
compared with an increase of 4.0 percent, or $821.3 billion, in 2019 (tables 1 and 3).
www.bea.gov
In summary:
Yes the debt increased BECAUSE the biased MSM blew COVID so out of proportion daily death counts...etc. the National GDP had
a overall DECREASE of 9.1% in Q2 of 2020! Cities closed. Economies closed. Tax revenue dropped. All because the MSM saw an
opportunity to BLOW COVID out of proportion, cause economic losses to millions of Americans, increase national debt all to protect
their donations to Biden!
Trump's additional spending DID raise the debt.
"Hey Republicans do you still care about the national debt? Because Trump just increased it by $8.3 TRILLION in four years. Just sayin."
But why did Democrats also vote to raise the debt?
Under Trump's first four years as president, the national debt has markedly increased,
including significant spending by the federal government to combat the COVID-19 pandemic.
Fact check: Since 2017, national debt has risen but by less than claimed
During his 2016 campaign, Trump pledged to eliminate the national debt within 8 years. Instead, it has grown significantly under his watch.
www.usatoday.com
From the most recent peak in the fourth quarter of 2019, the United States experienced two consecutive quarters of declines in GDP; it even recorded its steepest quarterly drop in economic output on record,
a decrease of 9.1 percent in the second quarter of 2020 (Bureau of Economic Analysis [BEA] 2020a; authors’ calculations).
Ten facts about COVID-19 and the U.S. economy | Brookings
In this set of 10 facts, Wendy Edelberg, Kristen Broady, Lauren Bauer, and Jimmy O’Donnell assess the extent of these economic damages and provide an overview of existing policy interventions.
www.brookings.edu
BIG BIG FACT decrease of 9.1 percent in the second quarter of 2020 ...the steepest quarterly drop in economic output on record,
WHY? COVID which the MSM helped blow way out of proportion, closed businesses, funded millions of Americans
Current-dollar GDP decreased 2.3 percent, or $500.6 billion, in 2020 to a level of $20.93 trillion,
compared with an increase of 4.0 percent, or $821.3 billion, in 2019 (tables 1 and 3).
Gross Domestic Product, 4th Quarter and Year 2020 (Advance Estimate) | U.S. Bureau of Economic Analysis (BEA)
*/ /*-->*/ Real gross domestic product (GDP) increased at an annual rate of 4.0 percent in the fourth quarter of 2020 (table 1), according to the "advance" estimate released by the Bureau of Economic Analysis. In the third quarter, real GDP increased 33.4 percent.
Yes the debt increased BECAUSE the biased MSM blew COVID so out of proportion daily death counts...etc. the National GDP had
a overall DECREASE of 9.1% in Q2 of 2020! Cities closed. Economies closed. Tax revenue dropped. All because the MSM saw an
opportunity to BLOW COVID out of proportion, cause economic losses to millions of Americans, increase national debt all to protect
their donations to Biden!
