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Who Blew Up The Budget?

Neither Trump nor Biden would be mistaken for a fiscal conservative. According to the just-released Congressional Budget Office numbers, in the first three years that Trump was president, 2017-19 (2020 was the peak Covid year) federal deficits averaged roughly $800 billion a year.  Under Biden – and excluding the Covid year of 2021, the three-year borrowing binge has averaged almost twice that amount, or  $1.6 trillion a year. Both presidents spent and borrowed way too much, but Biden’s record is MUCH worse. Even accounting for inflation, Biden has borrowed roughly 67% more per year than Trump.

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