In a White House speech in January, Biden said 'one quarter' of the $31.4 trillion federal debt 'was accumulated in the four years of my predecessor.' We rated that Half True.
ssor, Donald Trump, with a significant share of the blame for the nation’s $31.4 trillion federal debt.
We found that Biden is right on the numbers, but placing the full blame on Trump, as he seemed to do in his remark,is misguided., when Trump was inaugurated in January 2017, the gross federal debt stood at $19.9 trillion. When Biden took office, it was $27.8 trillion. So, the $7.9 trillion added on Trump’s watch was about 25% the amount of today’s total debt.
Generations of politicians in both parties approved and modified these programs long before Trump took office. Similarly, the biggest single spikes in the federal debt came from the initial rounds of coronavirus relief legislation in 2020. Trump signed them, but they passed with broad bipartisan support."La Asociación Nacional de la Deuda ... recientemente aprobó un programa de alivio de la deuda para todos los que tengan más de $10,000 en deuda en tarjetas de crédito".
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