"Yesterday, the department headed by Scott Bessent released its latest Quarterly Refunding Documents, which communicate any changes in debt management policy, as well as financing estimates from Treasury and bond market participants. The documents also share bond issuance plans.
The presentation showed that as of April 2026, the Office of Management and Budget (OMB) expected the 2026 fiscal year to run at a deficit of $2.06 trillion, higher than estimates from the Congressional Budget Office (CBO)."
https://fortune.com/2026/05/07/treasury-expected-to-borrow-2-trillion-omb-cbo-estimates/
Gee, who would have thought a gigantic tax cut and a war which blew up military spending would implode the deficit?
@no1marauder saidDo you think Trump will double the debt as Obama did?
"Yesterday, the department headed by Scott Bessent released its latest Quarterly Refunding Documents, which communicate any changes in debt management policy, as well as financing estimates from Treasury and bond market participants. The documents also share bond issuance plans.
The presentation showed that as of April 2026, [b]the Office of Management and Budget (OMB) ...[text shortened]... have thought a gigantic tax cut and a war which blew up military spending would implode the deficit?
@Mott-The-Hoople saidReagan and GW Bush did that, not Obama. https://www.self.inc/info/us-debt-by-president/
Do you think Trump will double the debt as Obama did?
Trump, even before the 2026 FY numbers are included, has already increased the debt in dollar terms more in 5 years than Obama did in 8.
@no1marauder saidCaught lying again.
Reagan and GW Bush did that, not Obama. https://www.self.inc/info/us-debt-by-president/
Trump, even before the 2026 FY numbers are included, has already increased the debt in dollar terms more in 5 years than Obama did in 8.
“The claim: Trump increased the debt 'far more than any president in history'
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A May 17 Facebook post (direct link, archive link) shows a black and white image of several members of Congress gathered together.
The post criticized Republicans for "attacks on the poor and the sick with the threat of catastrophic debt default," then made a claim about former President Donald Trump:
"Trump increased that debt far more than any president in history," the post says in part. "Under Trump, Republicans − and Democrats − had no objection to raising the debt ceiling three times."
House Minority Leader Hakeem Jeffries shared a similar claim on Twitter that garnered over 11,000 likes. A version of that post was posted on Facebook by the left-wing account Occupy Democrats and shared more than 900 times.
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Our rating: False
The total federal debt increased more under the Obama administration in terms of raw dollars than any other president, according to government data. Experts say it is difficult to determine how much debt one president is responsible for since spending and policies can carry over from one administration to the next.
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Obama incurred more debt than any other president
The post comes after weeks of standstill between President Joe Biden and House Speaker Kevin McCarthy over the issue of raising the debt ceiling, which limits how much the government can borrow, as USA TODAY reported.
But contrary to the post’s claim, the total federal debt increased more under former President Barack Obama than it did under the Trump administration, according to David Primo, a political science and business administration professor at the University of Rochester.
There are different ways of measuring debt, experts said.
Using Treasury Department data, the total public debt, which includes intragovernmental holdings and public debt, increased by approximately $7.8 trillion from the start of Trump’s presidency on Jan. 20, 2017, to when he left office on Jan. 19, 2021. Under Obama, however, the public debt increased by about $9.3 trillion from when he was inaugurated on Jan. 20, 2009, to when he left office on Jan. 19, 2017.
Some experts look at debt accumulated each fiscal year, which starts Oct. 1 of a given calendar year and ends Sept. 30 of the next year, according to Primo. That yields similar results.
At the end of fiscal year 2016 − three months before Trump took office − the debt was about $19.5 trillion, according to historical fiscal year debt data from the Office of Management and Budget. That number increased to about $26.9 trillion at the end of fiscal year 2020 three months before Trump left office, marking a $7.4 trillion increase.
https://www.usatoday.com/story/news/factcheck/2023/05/30/no-trump-didnt-increase-the-debt-more-than-any-president-fact-check/70252480007/
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@Mott-The-Hoople saidMay 30, 2023.
Caught lying again.
“The claim: Trump increased the debt 'far more than any president in history'
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BETA
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A May 17 Facebook post (direct link, archive link) shows a black and white image of several members of Congress gathered together.
The post criticized Republicans for "attacks on the poor and the sick with the threa ...[text shortened]... actcheck/2023/05/30/no-trump-didnt-increase-the-debt-more-than-any-president-fact-check/70252480007/
Old news. I gave the link including Trump's 2025 FY deficit.
@Mott-The-Hoople saidAnd what are you caught doing? Posting a 2023 article which was under Biden's watch. Trump had yet to start his 47 run. And yet you are debunking a claim with an article that was written before the Trump spending kicked off in 2025. Are you even embarrassed that you put up such a clumsy rebuttal? Does it bother you that you have no credibility?
Caught lying again.
“The claim: Trump increased the debt 'far more than any president in history'
@no1marauder saidBeat me to it.
May 30, 2023.
Old news. I gave the link including Trump's 2025 FY deficit.
@kmax87 saidMott uses "alternative facts" so he won't sweat it.
And what are you caught doing? Posting a 2023 article which was under Biden's watch. Trump had yet to start his 47 run. And yet you are debunking a claim with an article that was written before the Trump spending kicked off in 2025. Are you even embarrassed that you put up such a clumsy rebuttal? Does it bother you that you have no credibility?
@no1marauder saidyou posted a link to a left wing website
May 30, 2023.
Old news. I gave the link including Trump's 2025 FY deficit.
"Overall, we rate Self Magazine Left-Center Biased based on editorial positions. We also rate them Mostly Factual in reporting, rather than High due to occasionally promoting pseudoscience."
https://mediabiasfactcheck.com/self-magazine-bias/
@kmax87 saiduhhh...how do you find data on a presidents term when it has just started?
And what are you caught doing? Posting a 2023 article which was under Biden's watch. Trump had yet to start his 47 run. And yet you are debunking a claim with an article that was written before the Trump spending kicked off in 2025. Are you even embarrassed that you put up such a clumsy rebuttal? Does it bother you that you have no credibility?
dumbass libs
@Mott-The-Hoople said1 yr and 4 months is more than enough to count up what Trump has over spent. Feelings don't matter....
uhhh...how do you find data on a presidents term when it has just started?
dumbass libs
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@Mott-The-Hoople saidIt linked to US Treasury data, so that's BS won't cut it.
you posted a link to a left wing website
"Overall, we rate Self Magazine Left-Center Biased based on editorial positions. We also rate them Mostly Factual in reporting, rather than High due to occasionally promoting pseudoscience."
https://mediabiasfactcheck.com/self-magazine-bias/
"“It is a well known fact that reality has liberal bias.”
― Stephen Colbert
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@Mott-The-Hoople saidFrom the US Treasury Department, idiot. https://fiscaldata.treasury.gov/datasets/monthly-treasury-statement/summary-of-receipts-outlays-and-the-deficit-surplus-of-the-u-s-government
uhhh...how do you find data on a presidents term when it has just started?
dumbass libs
@no1marauder saidSo you can tell me how trumps term as president is BEFORE it is complete?
From the US Treasury Department, idiot. https://fiscaldata.treasury.gov/datasets/monthly-treasury-statement/summary-of-receipts-outlays-and-the-deficit-surplus-of-the-u-s-government