Seeking to counter Republican accusations that Democrats spend too much taxpayer money, Democratic vice presidential nom
Democratic vice presidential candidate Tim Walz speaks Sept. 13, 2024, at the Whitewater Music Hall Brewing Co. in Wausau, Wis. Looking at the increase in federal debt, Trump currently ranks first for debt added in a single term. However, Biden is projected to pass Trump’s total by the time he leaves office in January 2025.
Although this method is straightforward, it’s also less precise, because much of the debt accumulated on any president’s watch stems from policies instituted by their predecessors. The group found that during his four years in office, Trump approved policies that created $8.4 trillion of new borrowing needs — $8.8 trillion in borrowing minus $443 billion in deficit reduction.
Much of the debt allocated to Trump and Biden will not show up in the federal ledger until years after they leave office.The increase in the federal debt on a president’s watch shows that Trump ranks first for debt in a single term, but Biden is projected to pass him by January 2025, when he leaves office.
“Tim Sheehy told us his health care plan: ‘We need to return health care to pure privatization.’ That would eliminate Medicare.”
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