Real Estate is often the art of leveraging debt. I am surprised that any one thought that a man who made his money leveraging debt wouldn’t rack up a huge deficit.
“President Obama put more debt on this country than any president in the history of our country combined.”
More debt did accumulate under Obama than all of his predecessors combined, though the biggest reasons for the increase predated Obama.
According to Treasury Department data, Obama entered office with $6.3 trillion in public debt. By the time he left office on Jan. 20, 2017, the public debt had risen to $14.4 trillion — an increase of $8.1 trillion.
Much of the debt increase stems from spending programs like Social Security and Medicare, which are effectively on autopilot and are now paying for a rising number of aging Americans.
If Trump serves eight years, it will eventually be his time in the barrel: Unless and until the United States reverses course and starts paying down the debt, every new president is expected to preside over ever-larger amounts of debt.
Public debt during Trump’s Presidency has increased from $14.403 trillion to $17.072 trillion. Link