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The time is now 7:17 am
You last visited
June 4, 2026, 10:59 pm
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The Left as they ride with sleepy joe!
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https://taxfoundation.org/blog/trump-tax-plan-tariffs-analysis/?fbclid=IwZXh0bgNhZW0BMAABHeM6ylmXZg4EsgTRy_6-lgEYcz9tR6lxBgcmDOe4UP8qsP8sLt_e9gin8Q_aem_I_NQnZ4Xd34e1lNDzbLIrQ
Same site June 26. In May 2024, the Biden administration published its required statutory review of the Section 301 tariffs, deciding to retain them and impose higher rates on $18 billion worth of goods. The new tariff rates range from 25 to 100 percent on semiconductors, steel and aluminum products, electric vehicles, batteries and battery parts, natural graphite and other critical materials, medical goods, magnets, cranes, and solar cells. Some of the tariff increases go into effect immediately, while others are scheduled for 2025 or 2026. Based on 2023 import values, the increases will add $3.6 billion in new taxes.
President Trump approved $8.8 trillion of gross new borrowing and $443 billion of deficit reduction during his full presidential term.
President Biden has so far approved $6.2 trillion of gross new borrowing and $1.9 trillion of deficit reduction.
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Obama incurred more debt than any other president
The post comes after weeks of standstill between President Joe Biden and House Speaker Kevin McCarthy over the issue of raising the debt ceiling, which limits how much the government can borrow, as USA TODAY reported.
But contrary to the post’s claim, the total federal debt increased more under former President Barack Obama than it did under the Trump administration, according to David Primo, a political science and business administration professor at the University of Rochester.
https://www.propublica.org/article/national-debt-trump
Where it says under Biden "to present" that is to 9/30/23. Scroll down you'll see it. So his final debt will be much higher than what is listed there.
The national debt right now is here. https://usdebtclock.org/
The debt is increasing by $2 million a minute or $2,880,000,000 a day.
Trump had 8.18T in debt. 3.6T of Trump's debt was due to covid relief. That leaves 4.58T non covid debt.
Biden has spent 2.1T on covid. When the debt hits 35T within the next 17 days or so Biden will have increased the debt by 6.6T. 35T minus 28.4T.
Subtract the 2.1T for covid you get 4.5T with 5 months left in his term.
Then there's this. At current rates, the U.S. national debt is growing by a remarkable $1 trillion about every 100 days, equal to roughly $3.6 trillion per year. So if it hits 35T approx Aug 7, another 100 days will be Nov 15, then it will be 36 T. With another 66 days from then till biden leaves on Jan 20 the debt by then should about 36.66 T. So we have 36.66T minus 28.42T when Joe started gives us 8.24 T total new debt. Subtract the 2.1 for covid that leaves 6.14T non covid compared to Trump's 4.5T non covid. So Biden increased the debt 1.64T more than Trump without including covid for either one. If you include covid its 8.24 to 8.18. So Trump spent less.
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