TRUMP AND THE DEBT OF THE UNITED STATES ARE STILL CAUSING A STIR ๐ธ๐บ๐ธ๐
๐ Keep your eyes peeled because it's going viral everywhere that
#TRUMP might be responsible for 27.7% of the entire national debt of the United States, but the reality has more nuances than many are telling. Follow me for more updates.
๐ The total debt of
#EEUU has already surpassed 39 trillion dollars, and various analyses estimate that during his two terms, between 12 and 13 trillion would have been added to the accumulated total.
๐ฅ That explains why the infamous number of 27.7% comes up so often.
BUT ๐จ
There is no single official confirmation saying that Trump is "the sole culprit" of that debt percentage.
โ ๏ธ A large part of those calculations mixes:
authorized spending by Congress
economic stimulus
the pandemic
accumulated deficits
interest on debt
For this reason, several fact-checkers consider that the statement is simplified or exaggerated.
Now then...
๐ฐ It is true that during Trump's first presidency, the debt increased by approximately 7.8 trillion dollars, one of the largest expansions recorded in a presidential term.
And something that many criticize is precisely what you mentioned ๐
๐จ๏ธ More spending
๐จ๏ธ More debt
๐จ๏ธ More money printing
Because when governments spend much more than they take in, they end up relying more and more on debt and monetary expansion.
๐ This can weaken the purchasing power of the currency over time and increase inflation if economic growth doesn't keep up.
๐ณ That's why many in the Bitcoin world still see
$BTC as a hedge against cheap money policies and constant debt expansion.
The irony is that Trump has spoken several times against inflation ๐
๐ฅ
Bitcoin solves, while the US puts BTC as a reserve, that debt will be paid with BTC.
๐ค Do you think the debt of the United States will end up driving more adoption of Bitcoin, or will the dollar continue to dominate for many more years? ๐โฟ๐๐ฅ