RE:Sooooo...Does Politics Really Matter? Lots of good stuff in Experienced's post
Here are some facts from https://www.crfb.org/papers/trump-and-biden-national-debt
that has me scratching my head over the market perception of Trump vs Biden on the issue of spending
- President Trump approved $8.4 trillion of new ten-year borrowing during his full term in office, or $4.8 trillion excluding the CARES Act and other COVID relief.
- President Biden, in his first three years and five months in office, approved $4.3 trillion of new ten-year borrowing, or $2.2 trillion excluding the American Rescue Plan.
- 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.