Trump's presidency saw national debt increase by $8.2 trillion, reaching the largest peacetime deficit in U.S. history, surpassing 100% of GDP for the first time since WW II.
The national debt incurred under Trump's administration equals $23,500 per person, nearly dwarfing all combined car, credit card, and student loans in the U.S. today.
The Pandemic Relief Legislation of 2020 added $3.9 trillion to the national debt, primarily through PPP and stimulus payments aimed at helping businesses during lockdowns.
Despite intentions, economists found that the PPP loans did not save as many jobs as claimed, highlighting inefficiencies in the federal program compared to existing safety nets.
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