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2023-05-16 22:03:30
After 2017 tax cuts federal revenue continued to increase at normal rates until Covid era policy at which the national debt to GDP ratio skyrocketed and federal revenue dropped temporarily. Revenue growth is projected to continue at normal rates through 2033 [Link]
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2023-05-16 23:58:56
Trump’s budget—his own budget—projects debt held by the public will hit $22.8 trillion by 2025, more than 50% higher than the year he took office. (Debt held by the public was $14.7 trillion in 2017.) [Link] Federal finances under Trump had become dire even before the pandemic. [Link]
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2023-05-17 04:35:33
Trump added $6.7 trillion to the debt a 33.1% increase, largely due to the effects of the coronavirus pandemic and 2020 recession. Obama added about $8.6 trillion, about a 74% increase, to the national debt at the end of President Bush’s last budget in 2009. [Link]
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2023-05-17 09:41:12
The national debt increase from 2016 to 2020 is 25%, most of that in 2020 due to COVID 19 pandemic [Link]
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2023-05-17 14:52:46
Debate about the cause of the debt increase belongs in comments, not notes.
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2023-05-17 17:48:49
It is misleading to invoke 230 years of history when discussing the present national debt, in part because a large chunk of the $31 trillion debt was incurred over the past 20 years. That said, roughly 25% of the current debt was accrued during the Trump administration. [Link]
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2023-06-03 02:20:39
Writing a CN? It should + address a tweet's content & ONLY THAT CONTENT + be factual/add context/neutral + use sources most consider reputable CNs should not contain YOUR + politics + opinion + irrelevant points + sources few regard as reputable 👆 THAT'S FOR COMMENTS NOT CNs
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