Why Trump’s Presidency Contributed Significantly to National Debt Growth
It is often a mistake to attribute the entirety of national debt and federal deficit increases to a single president. While the U.S. President does present a proposed budget, it is ultimately Congress that is responsible for the final allocations. Despite this, the budgetary policies and actions taken during the first three years of the Trump presidency played a significant role in fostering a substantial increase in the national debt. Trump's willful ignorance during the pandemic led to a negligent approach that has had profound economic consequences.
Contrasting Economic Responses: South Korea vs. USA
One of the most striking contrasts is observed between South Korea and the USA during the early stages of the COVID-19 pandemic. South Korea had its first COVI19 case on the exact same day as the USA, yet it demonstrated a remarkably effective response. They implemented strict measures and effective strategies, resulting in only 400 deaths compared to the USA's 230,000. This has not negatively impacted the South Korean economy; their people are still employed, and they are happy with their government's handling of the crisis.
In stark contrast, under the Trump administration, the national debt soared, reaching an alarming 11 trillion dollar increase over the first three years of his presidency. Trump's policy choices, including printing 3 trillion dollars and borrowing an additional 8.5 trillion dollars in the country's name, and preventing the House of Representatives from fulfilling its duty of oversight, bear significant responsibility for this financial burden.
The Impact of Trump's Policies
The 11.5 trillion dollars that were not necessary to borrow now constitute a significant portion of our national debt. This debt, a result of Trump's policies, includes both printing money and enacting significant borrowing. These actions were taken without the House of Representatives' proper oversight, which is a critical check on the powers of the executive branch. This is not just a financial issue; it is a matter of serious governance and accountability.
Truly, during the Trump presidency, significant criminal conduct occurred. Trump's administration paved the way for unethical financial practices, perverting the normal processes of government oversight and responsibility. His leadership in this regard is a disturbing and dangerous precedent. The only viable way to address this is through the democratic process; the nation must vote out these criminals by casting our votes and ensuring that every ballot is counted no matter the obstacles.
Consequences and Future Outlook
These sobering facts are leading citizens to demand action. Many are already preparing to vote, including the author who has secured their absentee ballots and will cast them in person as early as possible. They are determined to make their voices heard, despite the GOP's efforts to obstruct and manipulate the democratic process. The restoration of the rule of law and governance accountability is seen as a pivotal step in addressing these issues.
The fight against the debt and the concentration of power under the Trump administration is a multifaceted one. It requires a concerted effort from citizens, policymakers, and the democratic process itself to ensure that future administrations are more responsive, accountable, and fiscally responsible. The road ahead will likely be filled with challenges, but it is essential to persevere in order to secure a better future for the nation.