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<blockquote data-quote="Jones" data-source="post: 4507735" data-attributes="member: 4805"><p><em><a href="https://www.foxnews.com/category/person/donald-trump" target="_blank">President Trump</a>, thanks to high deficits in his first two full years in office followed by massive federal expenditures aimed at offsetting the economic effects of the <a href="https://www.foxnews.com/category/health/infectious-disease/coronavirus" target="_blank">coronavirus</a> crisis, is on pace to add more to the national debt in his first term than did former <a href="https://www.foxnews.com/category/person/barack-obama" target="_blank">President Barack Obama</a>, whom Republicans often criticized for irresponsible spending.</em></p><p><em></em></p><p><em><strong>Obama in 2010-2013, the first four fiscal years for which he was fully responsible, tacked $4.4 trillion onto the national debt. Trump, between fiscal 2018 and 2021, is projected to add more than $7.6 trillion to the national debt</strong>, mainly on the back of projected $3.8 trillion and $2.1 trillion deficits in 2020 and 2021, according to the fiscal watchdog <a href="http://www.crfb.org/blogs/new-projections-debt-will-exceed-size-economy-year" target="_blank">Committee for a Responsible Federal Budget</a>. The national debt is currently more than $25 trillion.</em></p><p><em></em></p><p><em>Trump's projected debt growth still exceeds Obama's even if the massive $1.4 trillion federal deficit in 2009, which included measures like the American Recovery and Reinvestment Act that Obama signed but also leftover federal spending from former President George W. Bush, is added to his predecessor's total.</em></p><p></p><p><strong><a href="https://www.foxnews.com/politics/trump-poised-to-add-more-debt-than-obama-in-first-term" target="_blank">Trump poised to add more debt than Obama in first term</a></strong></p></blockquote><p></p>
[QUOTE="Jones, post: 4507735, member: 4805"] [I][URL='https://www.foxnews.com/category/person/donald-trump']President Trump[/URL], thanks to high deficits in his first two full years in office followed by massive federal expenditures aimed at offsetting the economic effects of the [URL='https://www.foxnews.com/category/health/infectious-disease/coronavirus']coronavirus[/URL] crisis, is on pace to add more to the national debt in his first term than did former [URL='https://www.foxnews.com/category/person/barack-obama']President Barack Obama[/URL], whom Republicans often criticized for irresponsible spending. [B]Obama in 2010-2013, the first four fiscal years for which he was fully responsible, tacked $4.4 trillion onto the national debt. Trump, between fiscal 2018 and 2021, is projected to add more than $7.6 trillion to the national debt[/B], mainly on the back of projected $3.8 trillion and $2.1 trillion deficits in 2020 and 2021, according to the fiscal watchdog [URL='http://www.crfb.org/blogs/new-projections-debt-will-exceed-size-economy-year']Committee for a Responsible Federal Budget[/URL]. The national debt is currently more than $25 trillion. Trump's projected debt growth still exceeds Obama's even if the massive $1.4 trillion federal deficit in 2009, which included measures like the American Recovery and Reinvestment Act that Obama signed but also leftover federal spending from former President George W. Bush, is added to his predecessor's total.[/I] [B][URL="https://www.foxnews.com/politics/trump-poised-to-add-more-debt-than-obama-in-first-term"]Trump poised to add more debt than Obama in first term[/URL][/B] [/QUOTE]
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