sleepy pedo pete added a trillion dollars to the national debt in on month!
I don't know your source, and you're well known for half truths. But even if it IS true, it doesn't matter! All that matters is the ratio, not the number.
If you make $50,000 a year and take out a loan for $50,000, that's a lot. But if you make $100,000 and take out a loan for $50,000, it's not so much. See the difference?
And yet the fed is about to raise interest rates again. A home mortgage rate now is over 7% and home sales along with car loans are way down due to no one but Biden.
I don't think you understand this, either. We've talked about it before.
The Fed raises interest rates to slow inflation. When inflation plateaus then they hold the interest rate steady. A decrease in the interest rate would mean that we have a struggling economy.
The fact that they're not decreasing it is a sign of a strong economy.
Here we see that Trumps ratio was near perfect, according to Anti, his first three year. Then covid happened.
Those are annual averages. The link I gave is more accurate, and shows a steady increase of the ratio up to 106.99% before COVID.
Biden's been in office over three years. Attempting to blame Trump for his disaster is desperation. And just plain foolish.
You're partially right. Biden has been in office for over 3 years, sure... and he's lowered the Debt to GDP Ratio from a record high (bar WWII) of 132.96% to 121.62%.
Which still isn't perfect, but can you find any other President in American history that lowered the ratio by more than 11 points in 3 years? Clinton lowered it from 65.3% to 54.25% in 5 years, that's the closest I can find... which really wasn't a good thing since he wasn't leveraging our credit properly, but he still led us through the longest economic boom in history (thanks to Al Gore).
