Trump Adds USD 4.1 Trillion to National Debt

Ever since the controversial President Donald Trump had taken office, he has attempted to implement changes to effectively back up his slogan of “Make America Great Again”. However, he might not have brought upon the ideal results with an additional USD 4.1 Trillion worth of nation debt since he has taken office. The national debt is projected to surpass USD 22 Trillion by March of next year.

According to the Committee for a Responsible Federal Budget, the House of Representatives and the Senate has passed three major piece of deficit-financed legislation with President Trump’s stamp of approval. This includes nation debt totaling USD 2.4 Trillion spanning from 2017 all the way until 2029. The biggest contributor to the USD 4.1 Trillion that will be added to the national debt through 2029 is the Tax Cuts and Jobs Act. According to a nonpartisan public policy group (CRFB), this signature tax cut legislation signed by Trump in 2017 single-handedly increased the debt by USD 1.8 Trillion.

Legislations that contribute to the additional nation debt on top of the Tax Cuts and Jobs Act include the Bipartisan Budget Act of 2019 (USD 1.7 Trillion), the Bipartisan Budget Act of 2018 (USD 445 Billion) as well as other legislations (USD 155 Billion). The U.S.A. GDP growth has fell 2.1% in the second quarter and the ballooning national debt will cause GDP growth to slow down even further.

3 Comments
  1. Phil Ritch 3 weeks ago
    Reply

    Chief of Staff #MickMulvaney blames .@TheDemocrats and .@GOP for the nearly $2 trillion added to the #NationalDebt saying they should have approved #Trump’s #budget.

    That budget would have caused the highest spending in #USHistory despite cuts to #SocialSecurity and #Medicare.

  2. Yuena L. 3 weeks ago
    Reply

    Trump’s TCJA has failed to deliver the economic and business investment growth promised – nor is it paying for itself. As a result, deficit and national debt are reaching crisis proportions. In 2019, debt interest payments increased by over 16%. Fix this

    • Kylie Harrington 3 weeks ago
      Reply

      Know what? Donald Trump’s 1st term so far has added $4.1 Trillion to national debt. Remember when the GOP cared? As soon as a Democrat is elected President you’re going to hear the GOP blame Trump’s Deficit on a new President. But for now the Deficit doesn’t matter to the GOP

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