When President Reagan took office in 1981, the national debt was under $1 trillion. By the time he left office, it had ballooned to nearly $3 trillion. President Clinton was able to slow the growth and eliminate annual deficits. Then George W. Bush oversaw three wars and a stock market crash that sent the debt soaring. By the time he left office the debt had climbed to more than $10 trillion. And, by the time President Obama was able to correct the economy, the debt had nearly doubled to more than $19 trillion.
Then the debt really started climbing. In his first term alone, despite inheriting a booming economy, the Felon-in-Chief added $7.8 trillion to the debt. Of course, that doesn’t count the trillions President Biden needed to resurrect the economy from the Felon’s failed response to the pandemic. Already in the Felon’s second term, the debt has increased another $2.7 trillion to more than $39 trillion, 133 percent of our GDP. And it’s expected that his tax cuts for corporations and the wealthy will add yet another $3.4 trillion over the next 10 years.
That means that the Felon is on track to add more than $14 trillion to the debt even as he cuts federal services for average Americans and safety nets for the needy!
And that doesn’t include the likely $2 trillion cost of his war of choice with Iran, the $1.776 billion slush fund for his criminal supporters, the tens of millions it cost for his many golf trips, the billions he wants to build a lavish ballroom and his Arch d’ Trump, and the billions his family will skim from the federal budget for their personal use.
Of course, you also have to consider the impact his war and illegal tariffs have had on the cost of living and the cost of health insurance, which have forced American families to spend many additional billions. And the growing possibility that, like W, he and his MAGA party will again crater the economy.
So, if you’re looking for a reason to elect Democrats in the 2026 and 2028 elections, I can give you trillions of them.