Despite his pre-election hype, Trump’s piling on the debt as president - News Summed Up

Despite his pre-election hype, Trump’s piling on the debt as president


Compared to the first two years of Obama’s tenure as president, debt has grown more slowly under Trump. (Philip Bump/The Washington Post)(There are two periods in Trump’s first two years where the debt didn’t grow because the federal debt ceiling hadn’t been lifted.) In other words, the debt grew more than $3 trillion in Obama’s first two years and only about $2 trillion under Trump. (Philip Bump/The Washington Post)The difference, of course, is that Obama took office as the country was battling the effects of a massive recession. The government began spending heavily before Obama took office in an effort to address that situation.


Source: Washington Post February 13, 2019 14:15 UTC



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