Re re trouble ahead

Niles OH

Description

Donald Trump: As of the end of FY 2020, the debt was $26.9 trillion. Trump added $6.7 trillion to the debt since Obama's last budget, a 33.1% increase due to the effects of the coronavirus pandemic. The Congressional Budget Office (CBO) predicted that the pandemic would raise the FY 2020 deficit by $2.2 trillion and the FY 2021 deficit by $0.6 trillion.9 In his FY 2021 budget, Trump's budget includes a $1.566 trillion deficit, representing a projected 5.8% increase over 2020.10 FY 2020 - $4.226 trillion FY 2019 - $1.563 trillion FY 2018 - $1.272 trillion10 Barack Obama: Added $8.588 trillion, a 73.6% increase from the $11.657 trillion debt at the end of Bush’s last budget in 2009. FY 2017 - $671 billion FY 2016 - $1.423 trillion FY 2015 - $326 billion FY 2014 - $1.086 trillion FY 2013 - $672 billion FY 2012 - $1.276 trillion FY 2011 - $1.229 trillion FY 2010 - $1.652 trillion FY 2009 - $253 billion. Congress passed the Economic Stimulus Act, which spent $253 billion. Now add to the relief bills that are being pushed by the demoncats and proposed tax increases on the hard working middle class with unemployment still high due to the pandemic, corporate tax increases are passed down to the consumer. Barack Obama (2009-2017): Under President Obama, the national debt grew the most dollar-wise ($8.6 trillion) but was fifth in terms of percentage: 74%. Obama fought the Great Recession with an $831 billion economic stimulus package and added $858 billion through tax cuts. Oh, if you want to post as me, please use the correct ZIP code 🤣