Two years ago, the Republicans caved by giving President Biden a blank check to borrow whatever and how ever much money he wanted to spend. On that day, the US debt stood at $31.46 Trillion. Within a month, the US had borrowed another Trillion dollars. Here we are with $36.21 Trillion in debt. (By the way, our national debt is the same now as it was on inauguration day, FYI)
They are borrowing money at incredible rates. We now are borrowing $1.5 Trillion each and every year.
It took this nation over 200 years to borrow a trillion dollars. Trump did it in seven months, Obama did it in only 6 months. It took Biden 9 months to borrow his first Trillion dollars, but he soon got better at it. His second trillion took three months, borrowing $2 trillion in his first year. In fact, he has increased the national debt by 118% in just two and a half years.
Biden increased the National Debt by 30% in four years, a total of $4.5 trillion.
President Trump increased the National Debt by 141% in his first four years.
Obama increased the debt by 194% in eight years.
President George W Bush borrowed his first trillion dollars in two and a half years. He borrowed his second trillion a year and a half later. Another two years, another $1 trillion. All told, President Bush borrowed $5 trillion in 8 years, increasing the national debt by 187%.
It took President Clinton 3 and a half years to borrow his first trillion dollars. All told, he borrowed $1.2 trillion in his first term, and $600 billion in his second. He increased the national debt by 140% in eight years.
George HW Bush borrowed his first trillion in 3 years, and he increased the National debt by 170% in four years.
Reagan borrowed his first trillion in 6 years, and doubled the National debt during his eight years in the White House.
Carter increased the National debt by 150%, but “only” borrowed $300 billion in 4 years. I guess that was when $1 Billion was real money.
Ford increased the debt by 147% in 3 years., Nixon by 135% in 5 years, Johnson by 116% in 6 years, Kennedy by 106% in 2 years, Eisenhower by 108% in eight years.
Democrats, and Republicans, both in a contest to see who can spend the most in our society of “how much can you give me if I vote for you.”
Remember when the Biden spokeswoman told us that borrowing trillions didn’t cost anything because it was already accounted for? Note that we weren’t really allowed to increase the debt until we divorced from the gold standard during the Nixon administration. Ever since then, spend, spend, spend. This nation creates money as fast as computers can create the 1′ and 0’s at the Fed. This can’t continue. By definition, anything that can’t continue, won’t. There is no amount of voting that will fix this.
7 Comments
Stefan v. · July 1, 2025 at 8:49 am
Aww, they did this, we did that. Two wings, same bird. Most go along, because they were taught it in the compulsory bird school, reinforced ad pukeum by experience in birdistan. The best one can hope for is that one survives the imminent bird dung avalanche, and there are enough notbirds left to build a notbirdistan, which sadly will be subverted, co-opted, defiled by the next iteration of birdites. We are in Babylon, and soon the bird roost will be built there where it started. Remember….you can’t fix it, only survive under, through, and next to it.
Stealth Spaniel · July 1, 2025 at 9:46 am
Ah yes, the financial abyss.
Don’t go there with social security as the FedGov puts a gun to your head at the first job, and continues to threaten until you drop at the desk. They also put every “immigrant” they could on the same dole along with funding all of the shit government likes to play in. If only that proverbial lock box had actually existed!
Couple that with SNAP, EBT, paying rent for poor people, medicaid and medi-cal, AMEX cards for every hooker in DC, etc, etc. ad nauseam.
Government cannot be all things to every sandal footed twat that has- ‘needs’. All any government should pay for is the basic needs of government. And every politician should be a part-timer. Hence, the collapse of Rome will seem quaint and short. Got preps?
SoCoRuss · July 1, 2025 at 11:03 am
Just continues to show that it doesn’t matter who is “put” into office or what party, they all continue the same path to destruction that they wont be held accountable for but the American people will. Just look at the “new math” accounting system done by the Repubtards on how raising the debt doesn’t actually raise the debt because they changed the definition of what debt is. Mrs Johnson my High school math teacher must be spinning in her grave, god bless her. The only teacher truly feared if you pissed her off.
You see this everywhere now because they are no longer afraid of us, they know NOTHING will be done by the morons that currently make up the US population. OH look, a new Tik Tok cat video….
But no worries you can just vote harder for the Repubtards and send them money so THEY can FIGHT FOR US…….
oldvet50 · July 1, 2025 at 11:03 am
I agree that it’s out of control, but how much of the national debt increase is due to just the interest on that debt? It seems that the Fed is another TDS agency that will not reduce the rate lest Trump succeed (other countries have extremely low rates with the Fed). I still am curious as to the magic debt number that causes it all to go to shit. Not that long ago, $10T was thought to be the tipping point.
Aesop · July 1, 2025 at 11:30 am
The national debt is like an inverse altimeter, and the h8igher it spirals, the closer we come to a smoking hole in the ground.
And when we go, most of the civilized world is along for the ride, since they’re the ones holding that debt, or holding our dollars in reserve.
Just as banana republics “nationalized” other people’s industries, we’re going to nationalize that debt by defaulting, and every other country in the world that doesn’t use sea shells for money catches on fire the same day, and fiatbux inevitably transition to finely engraved toilet paper.
We’re past the point of avoiding this. The only question is not whether, but when.
Enjoy the decline.
Divemedic · July 1, 2025 at 12:18 pm
Note that China is divesting itself of US treasuries and buying gold. Hundreds of tons of it.
Michael · July 1, 2025 at 1:31 pm
Oddly enough the sanctions we put on Russia and others forcing them into alternative money structures and forcing them into building their own infrastructures to replace sanctioned electronic bits and such.
Will be insulation from America’s imploding smoking hole trick.
They still build things, mine and extract resources. BRICs may indeed become a powerhouse.
Meanwhile you and I (assuming most here are Americans are going to have ride out the economic shitstorm our kick the can both sides of the aisle politicians have been feeding from.
Got a deep pantry and trusted friends to tribe up with? A good relationship with God isn’t a bad idea. When Rome fell a lot of changes for the average citizen occurred.
Maybe if we last long enough to see NYC go Muslim, we will understand those changes.