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Reply to "Republicans and the debt ceiling "
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[quote=Anonymous]From heather Cox Richardson: the Trump tax cuts and Trump's increased spending even before the pandemic ultimately added $7.8 trillion to the national debt, about $23,500 for every person in the country. The increase in the annual deficit under Trump was the third-biggest increase of any administration, relative to the size of the economy. He was beaten out only by George W. Bush and Abraham Lincoln. Bush, of course, led the U.S. into two foreign conflicts that were financed almost entirely through debt (in the past, the U.S. paid for war through taxes and war bonds), after Congress cut taxes by about 8% for the wealthiest Americans. Lincoln fought the Civil War. [/quote]
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