Joe Biden's highest deficit spending in US history

[Gabriel_Bell]

Americans with little understanding of national finances often confuse the responsibilities of House members and the President when attempting to assign blame for years of wasteful spending and reckless budgeting that has brought the US to the brink of bankruptcy disaster.

Who are the Americans with little understanding? Why, YOU are!

 

[PamiUSA]

dont expect trump to be fiscally responsible either. duh.

One of President Donald Trump’s lesser known but profoundly damaging legacies will be the explosive rise in the national debt that occurred on his watch. The financial burden that he’s inflicted on our government will wreak havoc for decades, saddling our kids and grandkids with debt.

The national debt has risen by almost $7.8 trillion during Trump’s time in office.



both parties love debt. that isn't a deciding factor between them.

Who do you think will have to pay for universal healthcare? Housing for migrants, their healthcare? Their free college? Etc with Harris/Waltz?
You are correct, both sides spend but American’s gas, groceries, electricity, rates, etc was much cheaper with Trump.
No fracking… no drilling… higher minimum wages, drugs, etc.. do you know what will happen?
Many businesses are closing stores as we speak especially California… announcements for year end.
Big lots
Walgreens
Cracker Barrell
AppleBees
CVS
Manufactuting
Amazon
Express
So many more. That’s just some of the retails. Best read!

 

[pjmret]

Who do you think will have to pay for universal healthcare? Housing for migrants, their healthcare? Their free college? Etc with Harris/Waltz?
You are correct, both sides spend but American’s gas, groceries, electricity, rates, etc was much cheaper with Trump.
No fracking… no drilling… higher minimum wages, drugs, etc.. do you know what will happen?
Many businesses are closing stores as we speak especially California… announcements for year end.
Big lots
Walgreens
Cracker Barrell
AppleBees
CVS
Manufactuting
Amazon
Express
So many more. That’s just some of the retails. Best read!

Yes we had a big post pandemic inflation when the world opened up and demand exploded but supply chains were still recovering
Unless Trump was going to keep the country closed it was going to happen to him too

No fracking, no drilling?
U.S. crude oil production leads global oil production for a sixth straight year, with a record breaking average production of 12.9 million barrels per day (bpd), the Energy Information Administration (EIA) said in a release on Monday.
In December, U.S. crude oil production hit a new monthly record high of over 13.3 million bpd, the agency said.

Where do you get your news from? Lol

 

[PamiUSA]

Yes we had a big post pandemic inflation when the world opened up and demand exploded but supply chains were still recovering
Unless Trump was going to keep the country closed it was going to happen to him too

No fracking, no drilling?
U.S. crude oil production leads global oil production for a sixth straight year, with a record breaking average production of 12.9 million barrels per day (bpd), the Energy Information Administration (EIA) said in a release on Monday.
In December, U.S. crude oil production hit a new monthly record high of over 13.3 million bpd, the agency said.

Where do you get your news from? Lol

It was our “reserve” which is depleted. That reserve is for times of emergency. High prices are not emergencies. I read… government archives. Etc. News is just as crazy as the world. Media hates Trump. Your vote. I’ll be fine. Will you?

 

[pjmret]

It was our “reserve” which is depleted. That reserve is for times of emergency. High prices are not emergencies. I read… government archives. Etc. News is just as crazy as the world. Media hates Trump. Your vote. I’ll be fine. Will you?

Our reserve is not depleted
Where do you get your news from? Lol

 

[PamiUSA]

Our reserve is not depleted
Where do you get your news from? Lol

Business headlines… WSJ… Forbes etc.

The Biden Administration Is Not Refilling The Strategic Petroleum Reserve

Over the past week, multiple stories have indicated that the U.S. is refilling the SPR. That's misleading at best.

www.forbes.com

 

[pjmret]

Business headlines… WSJ… Forbes etc.

The Biden Administration Is Not Refilling The Strategic Petroleum Reserve

Over the past week, multiple stories have indicated that the U.S. is refilling the SPR. That's misleading at best.

www.forbes.com

Not refilling is not depleted

 

[PamiUSA]

Not refilling is not depleted

Ok.. you got me.

 

[Randomguy]

I googled and highest deficit by far was in 2020 when Trump was in charge.

 

[PamiUSA]

I googled and highest deficit by far was in 2020 when Trump was in charge.

And you know why?

 

[PamiUSA]

I googled and highest deficit by far was in 2020 when Trump was in charge.

USAspending.gov

www.usaspending.gov

 

[mark francis]

Yes we had a big post pandemic inflation when the world opened up and demand exploded but supply chains were still recovering
Unless Trump was going to keep the country closed it was going to happen to him too

No fracking, no drilling?
U.S. crude oil production leads global oil production for a sixth straight year, with a record breaking average production of 12.9 million barrels per day (bpd), the Energy Information Administration (EIA) said in a release on Monday.
In December, U.S. crude oil production hit a new monthly record high of over 13.3 million bpd, the agency said.

Where do you get your news from? Lol

Leftists always find blame-avoiding excuses for why leftist policies do so much harm and cause so much damage to society.

 

[mark francis]

Our reserve is not depleted
Where do you get your news from? Lol

• https://www.politico.com/news/2023/10/16/biden-oil-reserve-fuels-00121298
  [COLOR=rgba(0, 0, 0, 0.85)]SEARCH

• https://www.politico.com/news/2023/10/16/biden-oil-reserve-fuels-00121298#
  

​

​

​

​

​

​

​

​

​

​

​

[/COLOR]

ENERGY & ENVIRONMENT

Biden sold off nearly half the U.S. oil reserve. Is it ready for a crisis?​

Biden tapped the SPR last year when Russia’s invasion of Ukraine sent oil prices soaring. Now Republicans blame him for putting the nation’s energy security at risk.

The Strategic Petroleum Reserves’ diminished volumes limit President Biden’s options to respond to a future shock to the oil markets. | Brandon Bell/Getty Images
By BEN LEFEBVRE
10/16/2023 05:00 AM EDT
An energy crisis spawned by a Middle East war 50 years ago spurred the U.S. to create a huge crude oil stockpile to shield the country from threats by unfriendly nations.
Now the oil lying in half-filled salt caverns along the Gulf Coast is posing a political quandary for President Joe Biden.

Biden’s administration sold off more than 40 percent of the Strategic Petroleum Reserve last year to help limit rising fuel prices after Russia invaded Ukraine, leaving the stockpile at its lowest levels since the early 1980s. That’s fueling Republican accusations that Biden has left the U.S. vulnerable to a disruption of global oil supplies — at a time when Hamas’ terrorist attacks in Israel are stoking fears of a wider regional war disrupting fuel shipments from the Middle East.

 

[mark francis]

I googled and highest deficit by far was in 2020 when Trump was in charge.

Deficits rise and fall but it is the steadily rising debt that is putting the US at risk of economic disaster, not the deficit.

 

[Boris Norris]

Deficits rise and fall but it is the steadily rising debt that is putting the US at risk of economic disaster, not the deficit.

You will be saying that in 5 years time when it will be higher still under both govts. The debt will never be paid off and USA will never collapse because of it. Countries all over the world print money which is never accounted for.