Thread by @TheValuesVoter

Unforgivable!!
@SenateGOP

nytimes.com/2021/09/27/us/…

You guys were in charge while the debt increased by almost EIGHT TRILLION DOLLARS in EXACTLY FOUR YEARS! And now you want to stop us from PAYING THE INTEREST on that debt!!!

Fiscal Responsibility my rear end!

Since the Senate Republicans want to go this route, let’s do some math, shall we:

The @SenateGOP took control of the US Senate on 1/3/2015. On that day, the National Debt was:
$18.081 trillion.

Trump was inaugurated 1/20/2017. On that day, the debt was:
$19.947 trillion.

The @SenateDems took back control of the Senate on 1/20/2021. On that day the debt was:
$27.752 trillion.

As of last Friday, our national debt was:
$28.427 trillion.

So between 1/3/2015, when Senate Republicans gained control of the Senate for six years and two weeks and last Friday, America accumulated $10.347 trillion dollars in debt.

But $7.805 trillion of that was accumulated under a Republican President and a GOP-controlled Senate.

That means that 75.43% of the debt America borrowed since the GOP took the majority in 2015 was borrowed during the time that Trump was President AND @LeaderMcConnell was Senate Majority Leader.

Now they don’t want to keep us from defaulting on the debt they oversaw borrowing?

Also, when Obama left office, the federal deficit, the amount of money we spent in excess of what we took in, was $559 billion. And Senate Republicans pretended to be fiscally conservative.

When Trump left office, the deficit was $2.672 TRILLION. And crickets from the @SenateGOP

So in just four years time, America, with Trump as President and Mitch McConnell as Senate Majority Leader, authorized not only the borrowing of 27.45% of our ENTIRE national debt but authorized going $2.672 trillion further in debt a year.

But now McConnell wants to default.

Yes, Obama added a LOT of debt and i criticized him for it. And so did McConnell and all the Republicans who voted no on the #DebtCeiling. As did Bush.

The difference is, neither Obama or Bush are trying to default on our debt. McConnell and his obedient tribe of no-voters are.

Let me explain one more thing if it’s not obvious. Anybody out there ever been in credit card debt that you’ve carried over month to month? You know that part of your monthly bill is the INTEREST.

If you were to stop paying your bill, you’re not so much stopping your future spending as you are stopping paying for what you’ve already borrowed. And, soon enough, your credit will be damaged. And borrowing becomes a lot more expensive.

And if you’ve ever lived off your credit cards, as America has been doing for the past twenty years (it’s called a budget deficit), you need to borrow just to pay the bills. What happens when you just stop paying your credit card? Catastrophe occurs.

McConnell is literally like the guy who ran up a lot of charges on our card (as did every President after Clinton). But then he and his caucus refuse to pay the bill when it comes due.

It’s the exact opposite of fiscal responsibility.

The US National Debt since 2015. Emphasizing the role of Senate Republicans in the chart since they're the ones who are refusing to raise the #DebtCeiling.

And here is a chart of how our National Debt grew by Presidential term.

Both parties are to blame for this situation. However, one party is now refusing to raise our #DebtCeiling so that we can continue to pay our bills.