Trump is Unbelievable! (Part 2) The facts won’t allow us to believe his promises about the budget

In my post yesterday, I addressed Trump’s failed attempt to resolve the “border crisis”. In his 2016 presidential campaign, he promised to build a wall along the 2000-mile U.S. border with Mexico. In fact, he only constructed 52 miles of new wall.

Today I will shine the light on his grandiose claims for the U.S. economy. He affirmed that during his presidency (2017-2021), our country’s economy was the most successful in the history of the world. He promised that during a second term, he would unleash the economy and it would grow even faster. He promised to cut taxes for the wealthy, just like he did in his first term. Although he has made these fantastic, unbelievable affirmations, he has conveniently chosen to omit talking about the budget. What happened to our national budget and our national debt during Trump’s presidency? What happens when you cut your income (via tax breaks for the rich) and continue to spend like a drunken sailor? Here is the sad truth.

Fact #1 – The national debt increased more under Trump than in any other four-year presidential term (Source – The U.S. Department of the Treasury). The debt under Trump increased by 8.18 trillion dollars (Trillion with a T). By comparison, let’s look at the debt increase under the three previous presidencies. These presidents each served two terms for a total of 8 years. Therefore, a four-year average needs to be calculated for comparison purposes.

Bill Clinton (1993-2001) total increase 1.4 trillion dollars. Four-year average 0.7 trillion dollars.

George W. Bush (2001-2009) total increase 6.1 trillion dollars. Four-year average 3.05 trillion dollars.

Barack Obama (2009-2017) total increase 8.34 trillion dollars. Four-year average 4.17 trillion dollars.

Joe Biden (2021 to the present) total increase 6.17 trillion dollars. Extrapolating to four years would lead to about 7.2 trillion dollars. Increases in our debt have happened under both Republican and Democrat administrations. None have been especially good at living within a budget. All have claimed extenuating circumstances (wars, Covid, etc.).

Fact #2 – Trump’s businesses have not generally been successful. Trump University failed and was a disaster. His real estate deals were kept afloat by overestimating properties’ worth to obtain loans and underestimating their value for tax purposes. As a result of this tax evasion, Trump is now barred from doing business in New York.

I invite my readers to check out these figures.

In my post on Monday, I will continue my series on the unbelievable Trump. I will analyze Trump’s affirmations about crime in the United States, especially about crimes allegedly committed by undocumented immigrants.