TRUMP AND THE DEBT OF THE UNITED STATES ARE STILL CAUSING A STIR 💸🇺🇸📉
👀 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.
📊 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.
🔥 That explains why the infamous number of 27.7% comes up so often.
BUT 🚨
There is no single official confirmation saying that Trump is "the sole culprit" of that debt percentage.
⚠️ 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...
💰 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 👇
🖨️ More spending
🖨️ More debt
🖨️ 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.
📉 This can weaken the purchasing power of the currency over time and increase inflation if economic growth doesn't keep up.
🐳 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 😅🔥
Bitcoin solves, while the US puts BTC as a reserve, that debt will be paid with BTC.
🤔 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? 🚀₿📉🔥