A recent analysis by 24/7 Wall St. examined how the national debt has shifted under each of the 21 U.S. presidents of the 20th and 21st centuries. The study calculated the compound annual growth rate of national debt for each administration based on fiscal year-end data from the U.S. Treasury Department, without adjusting for inflation. These insights underscore the significant influence of presidential fiscal policies on the national debt, with implications for federal budgetary responsibilities and the government's ability to fund vital public services.
The federal budget and the U.S. economy are among the chief responsibilities of Congress and the President, especially in the context of growing national debt.
The national debt impacts the government's ability to respond to crises and threatens the viability of long-term social safety net programs.
As decades of deficit spending mount, the burden of higher interest payments limits investment in essential public services.
President Biden's administration has continued a trend of significant national debt increase, reflecting ongoing economic challenges and policy choices.
Collection
[
|
...
]