Lets Talk US Annual Budget Deficit

The Banker

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Oct 24, 2017
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2016 US annual budget deficit: $586B
2020 US annual Budget deficit $3.1 T

Bush inherited a balanced budget and then passed trillions in spending and tax cuts in early 2001, started 2 failed mismanaged wars, then blew up the economy and passed off total financial ruin with mega deficits.

But there's more

Both GWBush and Trump steadily increased the deficit every month of their presidencies, non stop increases in deficits and spending all throughout their presidencies. Endless debt all throughout

BUT
Clinton, Obama, and Biden all inherited mega massive deficits from their predecessor's total failures and all 3 lowered those deficits, Clinton has a surpluss, Obama brought it down to $587B and Biden has dropped the deficit by $1T.

The out of control US deficit is a direct result of excessive Bush and Trump spending and tax cuts that did little to boost economic growth. Both Bush and Trump had weak low GDP growth, Trump never even had 3% growth annually. (And lets not forget Reagan's mega deficits that started all of this)

This is all 100% FACT, this is FACT, this is fact, these are the numbers. FACTS !!!!!!

 
2016 US annual budget deficit: $586B
2020 US annual Budget deficit $3.1 T

Bush inherited a balanced budget and then passed trillions in spending and tax cuts in early 2001, started 2 failed mismanaged wars, then blew up the economy and passed off total financial ruin with mega deficits.

But there's more

Both GWBush and Trump steadily increased the deficit every month of their presidencies, non stop increases in deficits and spending all throughout their presidencies. Endless debt all throughout

BUT
Clinton, Obama, and Biden all inherited mega massive deficits from their predecessor's total failures and all 3 lowered those deficits, Clinton has a surpluss, Obama brought it down to $587B and Biden has dropped the deficit by $1T.

The out of control US deficit is a direct result of excessive Bush and Trump spending and tax cuts that did little to boost economic growth. Both Bush and Trump had weak low GDP growth, Trump never even had 3% growth annually. (And lets not forget Reagan's mega deficits that started all of this)

This is all 100% FACT, this is FACT, this is fact, these are the numbers. FACTS !!!!!!

Oh, the deficit that Trump's tariffs and tax cut added too?
 

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