TRUMP AND THE US DEBT KEEP SPARKING CONTROVERSY 💸🇺🇸📉
👀 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 shades than many are reporting; follow me for more.
📊 The total debt of #US has already surpassed $39 trillion, and several analyses estimate that during his two terms, between $12 trillion and $13 trillion would have been added to the accumulated total.
🔥 That would explain why the famous number of 27.7% keeps popping up.
BUT 🚨
There is no single official confirmation saying that Trump is "the sole responsible" for that percentage of debt.
⚠️ A large part of those calculations mixes:
authorized spending by Congress
economic stimuli
the pandemic
accumulated deficits
debt interest
That's why several fact-checkers consider the statement to be oversimplified or exaggerated.
Now then...
💰 It is true that during Trump's first presidency, the debt increased by approximately $7.8 trillion, one of the largest expansions recorded in a presidential term.
And something that many criticize is exactly what you mention 👇
🖨️ More spending
🖨️ More debt
🖨️ More monetary issuance
Because when governments spend much more than they earn, they end up relying more and more on debt and monetary expansion.
📉 That can weaken the purchasing power of the currency over time and increase inflation if economic growth doesn't keep pace.
🐳 That's why many within 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 😅🔥
Bitcoin solves, while the US puts BTC as reserves that debt will be paid with BTC.
🤔 Do you think the US debt will end up driving more adoption of Bitcoin, or will the dollar continue to dominate for many more years? 🚀₿📉🔥
$ETH $BNB
👀 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 shades than many are reporting; follow me for more.
📊 The total debt of #US has already surpassed $39 trillion, and several analyses estimate that during his two terms, between $12 trillion and $13 trillion would have been added to the accumulated total.
🔥 That would explain why the famous number of 27.7% keeps popping up.
BUT 🚨
There is no single official confirmation saying that Trump is "the sole responsible" for that percentage of debt.
⚠️ A large part of those calculations mixes:
authorized spending by Congress
economic stimuli
the pandemic
accumulated deficits
debt interest
That's why several fact-checkers consider the statement to be oversimplified or exaggerated.
Now then...
💰 It is true that during Trump's first presidency, the debt increased by approximately $7.8 trillion, one of the largest expansions recorded in a presidential term.
And something that many criticize is exactly what you mention 👇
🖨️ More spending
🖨️ More debt
🖨️ More monetary issuance
Because when governments spend much more than they earn, they end up relying more and more on debt and monetary expansion.
📉 That can weaken the purchasing power of the currency over time and increase inflation if economic growth doesn't keep pace.
🐳 That's why many within 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 😅🔥
Bitcoin solves, while the US puts BTC as reserves that debt will be paid with BTC.
🤔 Do you think the US debt will end up driving more adoption of Bitcoin, or will the dollar continue to dominate for many more years? 🚀₿📉🔥
$ETH $BNB
