The National Debt hits $37 trillion

[EMH]

When Bill Clinton took office on January 20, 1993, the U.S. national debt was approximately $4.4 trillion. When he left office on January 20, 2001, it was about $5.7 trillion.

He didn't cut the national debt at all.

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[YoursTruly]

Only with China.

But it's ONLY the American consumers who are getting the tax increase. The ONLY one who benefits from this is the government. It simply gives them more money to waste. And waste is what they do. So much so they have to continue to increase the debt ceiling so they can spend more.

 

[pknopp]

Read my post #8. Trump has slowed down the debt increases. The CBO predicts a smaller rise in the debt over 10 years, and they are partisan leftwing.

Nobody can predict that. After the last budget there is no way the debt does anything but grow.

 

[shockedcanadian]

But it's ONLY the American consumers who are getting the tax increase. The ONLY one who benefits from this is the government. It simply gives them more money to waste. And waste is what they do. So much so they have to continue to increase the debt ceiling so they can spend more.

Simple solution, "don't buy Made in China".

You can't avoid it you say. Remember what you are supporting. A Party (the CCP), not a country. It's that simple.

 

[Mashmont]

Nobody can predict that. After the last budget there is no way the debt does anything but grow.

But the great man is slowing down growth of the debt.

 

[Mashmont]

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Heavy Democrat spending during the Reagan years. Promised spending cuts and lied about them. With Clinton, the GOP Congress forced spending cuts. Bubba gets no credit for that. GWB had to deal with Iraq because of Clinton's negligence. I notice the chart ends before 0bama's wild spending reign. He doubled the debt from $10 to $20 trillion while raising taxes. Every one of his eight years surpasses any bar on this chart.

 

[YoursTruly]

Simple solution, "don't buy Made in China".

You can't avoid it you say. Remember what you are supporting. A Party (the CCP), not a country. It's that simple.

That's not even possible now days. Because we've lost so much manufacturing due to the loss of USD value, because of big spending RINO's like Trump.

FFS, I just bought OEM John Deere parts for a JD ZTR, "made in china."

Trumps own brand of of clothes.

 

[Moonglow]

So thank you for recognizing President Trump has signficantly slowed the debt increase on his way to reversing it. It took eight full months to increase it from $36 to $37 trillion, and this was without all of Trump's cuts being yet implemented. You can see the Alzheimer's patient Biden increased the debt much faster.

Let's look at the past few milestones for the national debt:

$32 Trillion - June 2023
$33 Trillion - Sept. 2023 (3 months)
$34 Trillion - Jan. 2024 (4 months)
$35 Trillion - July, 2024 (6 months)
$36 Trillion - Dec. 2024 (5 months)

$37 Trillion - Aug. 2025 (8 months)

How much do you want to bet that $38 Trillion won't be reached for an even longer period than 8 months?

During Donald Trump's presidency, the national debt experienced a significant increase, growing by $7.8 trillion. This translates to approximately $23,500 in new federal debt per person in the country.

 

[Moonglow]

Heavy Democrat spending during the Reagan years. Promised spending cuts and lied about them. With Clinton, the GOP Congress forced spending cuts. Bubba gets no credit for that. GWB had to deal with Iraq because of Clinton's negligence. I notice the chart ends before 0bama's wild spending reign. He doubled the debt from $10 to $20 trillion while raising taxes. Every one of his eight years surpasses any bar on this chart.

You Trump humpers sure like to leave Trump's debt out of the conversation.

 

[YoursTruly]

But the great man is slowing down growth of the debt.

Not by signing all those spending bills. FFS, he even told Johnson to pass the last Biden CR. Then the March one. Then the July reconciliation. Next months CR is coming.

In 9 months, Trump is responsible for 4 major spending bills. Trumps the "King of Debt." He wears it like a crown. He even brags about it.

One day he's feeding you people with these idea's about massive spending cuts. The next he's ramming a huge spending bill down your throats. And you don't even realize he lied to you about the spending cuts.

 

[Moonglow]

Trump spends muchas on ICE alone to wipe out the new taxes he gets from tariffs, the US population is carrying the brunt of.

 

[Mashmont]

Not by signing all those spending bills. FFS, he even told Johnson to pass the last Biden CR. Then the March one. Then the July reconciliation. Next months CR is coming.

In 9 months, Trump is responsible for 4 major spending bills. Trumps the "King of Debt." He wears it like a crown. He even brags about it.

One day he's feeding you people with these idea's about massive spending cuts. The next he's ramming a huge spending bill down your throats. And you don't even realize he lied to you about the spending cuts.

The leftwing CBO predicts only a $2T rise in the debt over the next 10 years. That's a huge slowdown.

 

[Mashmont]

You Trump humpers sure like to leave Trump's debt out of the conversation.

Are you really blaming Trump for the Democrat-sponsored $2T CARES Act?

 

[Mashmont]

Not by signing all those spending bills. FFS, he even told Johnson to pass the last Biden CR. Then the March one. Then the July reconciliation. Next months CR is coming.

In 9 months, Trump is responsible for 4 major spending bills. Trumps the "King of Debt." He wears it like a crown. He even brags about it.

One day he's feeding you people with these idea's about massive spending cuts. The next he's ramming a huge spending bill down your throats. And you don't even realize he lied to you about the spending cuts.

I guess economics comes easy to me. I've always been able to make money. And I've always been incredulous how so many get into financial trouble. But after reading the mindless leftwing comments in here, I'm beginning to understand.

 

[YoursTruly]

The leftwing CBO predicts only a $2T rise in the debt over the next 10 years. That's a huge slowdown.

That's a lie, and you know it.

According to the Congressional Budget Office (CBO), the federal debt held by the public is projected to rise significantly more than $2 trillion over the next 10 years. Specifically, the CBO's January 2025 report projects that federal debt held by the public will increase from 100% of GDP in 2025 (approximately $36.2 trillion) to 118% of GDP in 2035 (approximately $59.2 trillion), implying a rise of about $23 trillion over the decade. Additionally, the CBO projects cumulative deficits from 2025 to 2035 to total $21.8 trillion. These figures are much higher than the $2 trillion rise claimed in the statement.

 

[Mashmont]

That's a lie, and you know it.

According to the Congressional Budget Office (CBO), the federal debt held by the public is projected to rise significantly more than $2 trillion over the next 10 years. Specifically, the CBO's January 2025 report projects that federal debt held by the public will increase from 100% of GDP in 2025 (approximately $36.2 trillion) to 118% of GDP in 2035 (approximately $59.2 trillion), implying a rise of about $23 trillion over the decade. Additionally, the CBO projects cumulative deficits from 2025 to 2035 to total $21.8 trillion. These figures are much higher than the $2 trillion rise claimed in the statement.

How much would you like to wager than the national debt will not reach $38 trillion before next summer?

 

[Moonglow]

Are you really blaming Trump for the Democrat-sponsored $2T CARES Act?

Trump signed it into law, so yes...

 

[Moonglow]

How much would you like to wager than the national debt will not reach $38 trillion before next summer?

I wager that you must stop lying and being a Trump douche if it does..and it will...

 

[Moonglow]

Trump wants the debt ceiling eliminated.

 

[MarcATL]

But of course!