Our compliments to Investopedia, in the 2020 Presidential Election Guide, and Debt Consolidation .com, for statistical information this report.
Because the data reports the U.S. Government debt as of April 13, 2020 to be $24.22 TRILLION.
THE NATIONAL DEBT OF THE U.S.A. has increased more than 21% since Donald Trump took office in January of 2017. Note the jump in the chart below, almost vertical under Trump.
As a nation, our debt to gross domestic (GDP) ratio approaches 110% in 2019.
Politicians, economists, business leaders, and informed members of the general public are starting to pay close attention to the issue these days. This is from a political administration that has "preached" against over spending, and a Senate that publicly preaches about only spending within a balanced budget. Yet, the words this President speaks, and the speeches Republican elected Senators and House members make, are not consistent with the reality of what they have approved over the past years.
The U. S. Deficit grew $205 billion or 26%, in 2019, and went well beyond $1 trillion in 2020.
2/2016 "If President I can start paying off the national debt so easily".
3/15/2016 said he could "cut trillions of dollars in spending by elimination of waste, fraud and abuse".
2017 Trump and Republican Senators: "can slash taxes for the wealthy and big corporations without increasing the deficit"
2020 is even worse but not yet charted. Republicans control the Senate, the Supreme Court and the Executive office (Presidency) we must show this proof that "actions speak louder than words". The problem is that when a nation has a high debt load, it is of higher risk for economic recession. The "discipline" needed to reduce national deficits and national debt, generally put economic strains on business and the American middle class. Money has to be diverted from programs to help people and business, to debt service. This often leads to recession. An other alternative is to inflate the dollar and pay the debt back with "cheaper dollars", but as we saw during the Carter Administration, that led to interest rates of 15% to 20%, and created many other problems. High interest rates tend to lead to economic contraction.