U.S. government debt passes $40T, more than doubling in a decade

Re:U.S. government debt passes $40T, more than doubling in a... by cosmicgadget on Thursday August 20, 2026 @03:31PM (#49379057)

Well, the last president to steer the car away from the cliff came from one party, the other is currently mashing the accelerator toward it.

And that is without considering things like invading Iraq and Afghanistan, creating the global financial crisis, or turning on the money printer at the start of covid.

If you look at this information and say, "no difference" I don't think anyone here can help you.

[ Parent | on HN ]

Re:U.S. government debt passes $40T, more than doubling in a... by DoesntMatter22 on Saturday August 22, 2026 @02:31AM (#49397157)

Almost all of Bill Clinton's policies were to the RIGHT of Trump, so I'm not sure what you are saying exactly. Biden created the most debt in 1 term of any president ever.

You can't really compare one party from 27 years ago to today realistically.

[ Parent | on HN ]

Re:U.S. government debt passes $40T, more than doubling in a... by cosmicgadget on Monday August 24, 2026 @11:02AM (#49420787)

I agree the comparison fades the farther back you go, though there are plenty of policymakers around today and in the Clinton days. I can't do much with something as hamfisted as "Clinton was actually right of Trump" other than to say that parties, not ideologies, are what was brought up in the parent comment.

It is dishonest to talk about Biden's four year deficit without acknowledging the 2020/2021 deficit and monetary policy. See also Obama inheriting the gfc and whatever is going to happen in 2029.

[ Parent | on HN ]