XPost: alt.fan.rush-limbaugh, alt.politics.democrats, or.politics   
   XPost: talk.politics.guns   
   From: lyin.joe.biden@nytimes.com   
      
   On 30 Dec 2023, Culture War  posted some   
   news:umpqch$1cfnh$8@dont-email.me:   
      
   > Joe Biden is a lying piece of shit swindler and thief.   
      
   As with the two presidents before him (and the many before those), the   
   U.S. national debt has grown to a tremendous degree while President Biden   
   has been in office. During his first two and half years as president, the   
   national debt under Biden increased by over $4.8 trillion. To be exact,   
   between January 20, 2021 and July 20, 2023, the total national debt under   
   Biden rose from $27,751,896,236,415 to $32,592,226,328,901.[1]   
      
   During President Donald Trump’s four-year presidency, by comparison, the   
   national debt of the United States rose by $8.18 trillion—a 40.43%   
   increase. Meanwhile, the U.S. national debt increased by $8.3 trillion   
   during President Barack Obama’s eight-year term in office.[2]   
      
   Key statistics   
   The national debt under Biden has risen from $27.8 trillion in January   
   2021 to $32.6 trillion in July 2023.   
   In the first two and a half years of President Biden’s time in the White   
   House, the national debt has increased by $4.8 trillion.   
   The pause in federal student loan payments costs taxpayers more than $5   
   billion per month.   
   After President Biden signed into law legislation that suspended the debt   
   limit, the national debt increased by $1 trillion in just five weeks.   
   The Federal Reserve has raised interest rates 10 times since President   
   Biden has been in office in an effort to bring inflation under control.   
   How has the national debt changed during Biden’s presidency?   
   When you overspend your household budget, it can lead to financial   
   challenges. In the same way, when the federal government spends more money   
   than it collects from its taxpayers or earns in other ways, it incurs a   
   budget deficit. As a result, the country must borrow money from others and   
   later make payments to repay those loans with interest.   
      
   The national debt is the total sum representing how much outstanding debt   
   the United States government owes to its creditors.[3]   
      
   Of course, debt isn’t a new challenge to our country. The United States   
   began accruing debt before its first president, George Washington, swore   
   the oath of office—thanks in large part to money borrowed to finance the   
   Revolutionary War. By the time Washington left office in 1797, the   
   national debt had grown to $82 million.[2]   
      
   Over the years, the national debt has continued to climb upward. And while   
   a few presidents have managed to lower the national debt during their time   
   in office, the majority have seen the overall amount the country owes   
   increase under their watch. It can be fascinating to look back and examine   
   U.S. debt by president and how different historical events and executive   
   decisions have impacted America’s economy over time.   
      
   What was the national debt when Biden took office?   
   President Joe Biden took the oath of office on January 20, 2021. At that   
   time, the United States owed $27.8 trillion in national debt to its   
   creditors. By comparison, the national debt when President Donald Trump   
   took office four years earlier was a little over $20.2 trillion.[1]   
      
   How much has been added to the national debt under Biden?   
   In January 2023, President Biden made an incorrect statement in an   
   economic speech that his administration had cut the debt by $1.7 billion   
   the last two years. Yet the national debt had actually increased during   
   that time. (The last president to reduce the national debt was Calvin   
   Coolidge whose presidency lasted from 1923-1929.) [4] [2] [5]   
      
   Fast forward to July 20, 2023 and the national debt under Biden has risen   
   to $32.6 trillion. That figure represents an increase of more than $4.8   
   trillion in the national debt during the first two and a half years of   
   President Biden’s time in the Oval Office.[1]   
      
   Change in U.S. national debt during Biden's presidency   
      
   Biden’s key decisions   
   As with the presidents that came before him, the choices that President   
   Biden has made while occupying the Oval Office have had an impact on the   
   national debt. Below are some of the key pieces of legislation that have   
   increased the national debt during Biden’s presidency to date.   
      
   Student loan payment pause and attempted forgiveness   
   In an effort to ease the financial burdens that American households faced   
      
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