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Politics : Formerly About Advanced Micro Devices
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To: Sdgla who wrote (1442276)2/26/2024 7:50:09 PM
From: Wharf Rat2 Recommendations

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How Much Did President Trump Add to the Debt?-2024-01-10 (crfb.org)
JAN 10, 2024

BUDGETS & PROJECTIONS

US BUDGET WATCH 2024

In the recent GOP primary presidential debate, former United Nations Ambassador Nikki Haley claimed that President Trump added $8 trillion to the national debt while Florida Governor Ron DeSantis said that President Trump added $7.8 trillion to the debt. These statements are true, depending on how you measure additions to the debt. We estimate the ten-year cost of the legislation and executive actions President Trump signed into law was about $8.4 trillion, with interest.

It’s also the case that the government accumulated $7.8 trillion of gross federal debt while President Trump was in office, though much of this is unrelated to President Trump’s actions.

US Budget Watch 2024 is a project of the nonpartisan Committee for a Responsible Federal Budget designed to educate the public on the fiscal impact of presidential candidates’ proposals and platforms. Through the election, we will issue policy explainers, fact checks, budget scores, and other analyses. We do not support or oppose any candidate for public office.
There are at least two ways to measure how much President Trump added to the debt – though coincidentally they lead to similar conclusions of about $8 trillion.
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