Under Trump's watch, national debt tops $21 trillion for first time ever

[Mr. Sparkle]

This is a spinet from March 17 2018 CBS news story

About a year ago, President Trump pledged to eliminate the national debt "over a period of eight years." But for the first time in history, the national debt surpassed $21 trillion this week, according to the U.S. Treasury. The landmark comes shortly after Congress passed, and Mr. Trump signed, a suspension on the federal debt limit last month, allowing the government to borrow an unlimited amount of money until March 1, 2019.

When Mr. Trump took office on Jan. 20, 2017, the national debt was $19.9 trillion, according to U.S. Treasury data. Since then, the GOP-led Congress has passed a $1.5 trillion tax cut bill and a two-year spending deal which, together, are expected to drive the deficit and debt further upward. The Committee for a Responsible Federal Budget estimates annual deficits could top $2.1 trillion per year in the next decade, which would send the national debt soaring even higher.

Republicans railed against the national debt level under the Obama administration, when it jumped from $10.6 trillion to $19.9 trillion, nearly doubling, but few have been as outspoken about the situation with Republicans controlling Capitol Hill and the White House. Sen. Rand Paul, R-Kentucky, held up the spending bill last month on the Senate floor, blistering Republicans for doing exactly what they had criticized the Obama administration for doing.

https://www.cbsnews.com/news/under-donald-trump-national-debt-tops-21-trillion-for-first-time-ever/

Todays bill adds another $1.3 Trillion.

Congress passes $1.3 trillion spending bill, funds government through September

https://edition.cnn.com/2018/03/22/politics/house-vote-spending-bill-omnibus-shutdown/index.html

The republicans are doing what they always do, again! Piling up the debt while in office so that the Democrats have deal with the consequence when they get back into power.

[Turbineguy]

1. Bush was pretty clever (well, not personally) about

latency. A lot of the debt growth yet to come was left over for Obama.

[hfojvt]

7. I doubt if that was on purpose

The deficit for fiscal year 2009 (October 2008-September 2009) blew up because the economy lost 3.5 million jobs in the second half of 2008. This was announced about October 15, 2008 - two weeks before the election, but it went down the memory hole and by May 2009 the word was that it was all Obama's fault and probably because of the "so called stimulus".

[Wellstone ruled]

2. Had this happened under Obama,,

holy hell would broken out. Friggin Media would be screaming 24/7.

[John Fante]

3. I'm pretty sure it did.

But there was a damn good reason for it - the Great Recession. Not to mention Bush's bungled wars and idiotic tax cuts.

Comparatively little of the debt is tied to policies Obama enacted - the idea that he alone caused it to explode is conservative gaslighting at its worst.

[Wellstone ruled]

8. That bialout was a GOP/Bush/Cheney Deal,

and the Rethugs are not going there. Obama had to implement that POS,and in doing so,added the Auto Companies to the Package.

[walkingman]

4. The same GOP trick since Reagan - run up the deficit and then when

out of office claim that they have to cut discretionary spending (Medicare, SS, Medicaid). And the band plays on.......

[JDC]

5. More winning.

[Ferrets are Cool]

6. When this country crashes, the sucking sound will be

epic. And it will crash.