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Biden and Trump Clash Over National Debt Impact

New analyses reveal conflicting views on fiscal responsibility and future economic risks under both administrations.

  • Recent reports show Biden's first three years added $4.7 trillion to the national debt, while Trump's first three years added $2.5 trillion.
  • The Congressional Budget Office projects the fiscal 2024 deficit at $1.9 trillion, nearly matching Russia's GDP.
  • Critics argue Biden's policies, including student loan forgiveness and healthcare expansions, have driven deficits higher.
  • Trump's administration also faced criticism for significant borrowing, particularly during the COVID-19 pandemic.
  • Experts warn that rising interest expenses and dependency on foreign funding could threaten U.S. financial stability.
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