Our debt is now over 22 trillion, and well over 100% of our GDP. Obama wasn't good on this, adding about 8 trillion to the debt in his tenure, but he is but one in a long line, R and D, to raise our debt since Reagan raised it substantially. Of course, different presidents face different economic realities, and I don't think we should judge them all solely by the numbers, without taking into account major events like the Depression, or recessions. I also think for a long time, this issue has been overblown at times, but it is hard to ignore the need to be concerned when a country crosses that magic threshold of having a debt ration above 100% of the GDP. We touched that number in 2014, but fell back under it, and we are now up to 108% under Trump, thanks largely to his tax cut. I think when the economy is running hot, we really need to pay more attention to the debt. It is unrealistic to hope for dramatic reductions without severe austerity measures that I don't think are yet needed. However, it wouldn't be too hard to get us back down under 100% debt ratio, if the country was committed to that. It is one of the things I hope Trump eventually pays attention to, because the US can't be bailed out by a bankruptcy like he has been.
https://www.thebalance.com/us-debt-b...ercent-3306296
https://www.thebalance.com/us-debt-b...ercent-3306296
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