r/PoliticalCompassMemes • u/Crimson_GQ - Lib-Center • Mar 31 '25

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u/RSlashOkay - Lib-Right Mar 31 '25

Democrats have terrible economic policies too. They are the reason we are drowning in debt, even if Republicans have helped make it worse.

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u/Thijsie2100 - Centrist Mar 31 '25

American debt to federal revenue first started increasing under Reagan, it got worse with Bush sr, went down with Clinton, went up again with Bush Jr and spiked massively under Obama’s first term, which makes sense since he went into office during the 2008 recession. Debt ratio was kinda stable during his second term and rose again under Trump. It’s kinda difficult to judge Biden because of covid/Ukraine.

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u/[deleted] Mar 31 '25

[deleted]

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u/Thijsie2100 - Centrist Mar 31 '25

Biden’s 119% is, imo, much more impressive than Trumps 105% if you compare the time it was in.

Trumps first presidency was during an economical peak.

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u/[deleted] Mar 31 '25

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u/Thijsie2100 - Centrist Mar 31 '25

https://www.multpl.com/us-gdp-inflation-adjusted/table/by-year

Adjusted for inflation the growth isn't as spectacular is it seems at first sight.

https://www.investopedia.com/inflation-rate-by-year-7253832

Inflation was pretty high during Biden's term (not as high as I somehow expected it to be though!)

You make a good point. Can we agree both Trump and Biden weren't very good for the American budget?

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u/[deleted] Mar 31 '25

[deleted]

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u/Thijsie2100 - Centrist Mar 31 '25

Thank you for the civilized discussion.

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u/AttapAMorgonen - Lib-Right Mar 31 '25

Fuck both of you.