Trump gave us 25% of our total debt in just 4 years.
Trump started with a $600B deficit and ramped that up to $1T/yr precovid, then ramped it even more post covid, begging Congress for even more stimulus and money handouts
Trump also had insane world record FED fake money printing
I would love for somebody to explain to us how doing all that would not cause inflation?? DeSantis said it best in the debate, Trump had $7T in debt and caused the inflation we have now.
LUCKILY, Biden has lowered the mega massive Trump deficit of $3+T/yr down to $1.3T/yr last year. Biden also has Quantitative Tightening, removing all the fake money Trump needed from the system.
For these reasons inflation has plummeted and is now down to a little +0.1% MoM in core PCE, the FED's target. Now that inflation is coming in at the FED's target, they will be able to cut rates, we will have a soft landing, and the economy will boom like it did in 1995 after Bill Clinton's Soft Landing.
Biden is taming Tumpflation and lowered it all the way down to +0.1% MoM, reversed Trump's massive fake money printing, and has the economy ready for a Bill Clinton soft landing boom.
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President Trump has Signed $4.7 Trillion of Debt into Law | Committee for a Responsible Federal Budget
2020-01-08-Our US Budget Watch 2020 project analyzes, estimates, and explains the fiscal implications of proposals introduced during the presidential campaigns.www.crfb.org
Somebody has to pay for that stimulus and all the goodies in Nancy Pelosi's ice cream vault. Might as well be our great grandchildren.