Once upon a time, not that long ago actually, the federal deficit and national debt mattered.
In 2008, then-presidential candidate Barack Obama said, “We’re just taking out a credit card from the Bank of China, essentially. We're borrowing that money. And we’ve added $4 trillion worth of debt since George Bush took office. Keep in mind, just to give you some perspective, the first 42 presidents amassed $5 trillion worth of debt.”
During his two terms, Obama added $8.6 trillion to the national debt — more than double his predecessor. President Trump added $6.7 trillion. In one term.
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