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Author Topic: DOGE and Tariff Revenue Impact: Trump Drops Deficit Spending by 92 Percent Compared to Biden  (Read 74 times)

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Offline rangerrebew

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DOGE and Tariff Revenue Impact: Trump Drops Deficit Spending by 92 Percent Compared to Biden
« on: May 10, 2025, 06:46:44 am »
DOGE and Tariff Revenue Impact: Trump Drops Deficit Spending by 92 Percent Compared to Biden
 
© Alex Wong 
Thanks to the Department of Government Efficiency and new tariff revenue, deficit spending dropped by 92 percent during President Donald Trump's first approximately 100 days in office, compared to the same period last year under then-President Joe Biden.

The Washington Examiner reported that from Inauguration Day to May 5, debt held by the public rose by approximately $38 billion.
 
Last year, under Biden, the total was about $478 billion.

"[T]hat means that the growth in our outstanding national debt fell by an astounding 92 percent," according to the Examiner.

The outlet primarily credited the work of DOGE in slashing federal spending, as well as the increase in tariff revenue.

https://www.msn.com/en-us/news/other/doge-and-tariff-revenue-impact-trump-drops-deficit-spending-by-92-percent-compared-to-biden/ar-AA1EuONR?ocid=msedgntp&pc=HCTS&cvid=8e73fcabbee04a2387de77bf4b44f930&ei=46
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The unity of government which constitutes you one people is also now dear to you. It is justly so, for it is a main pillar in the edifice of your real independence, the support of your tranquility at home, your peace abroad; of your safety; of your prosperity; of that very liberty which you so highly prize. But as it is easy to foresee that, from different causes and from different quarters, much pains will be taken, many artifices employed to weaken in your minds the conviction of this truth.  George Washington - Farewell Address

Offline rangerrebew

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Re: DOGE and Tariff Revenue Impact: Trump Drops Deficit Spending by 92 Percent Compared to Biden
« Reply #1 on: May 10, 2025, 06:48:55 am »
Democrats are going to be pissed about this!  Oh, not that is shows what a failure Biden was, but the government cut spending.  That isn't in the democrat playbook. **nononono*
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The unity of government which constitutes you one people is also now dear to you. It is justly so, for it is a main pillar in the edifice of your real independence, the support of your tranquility at home, your peace abroad; of your safety; of your prosperity; of that very liberty which you so highly prize. But as it is easy to foresee that, from different causes and from different quarters, much pains will be taken, many artifices employed to weaken in your minds the conviction of this truth.  George Washington - Farewell Address
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