President Biden Does A Victory Lap:"America Is Back!"
- Thread starter Jefferson Jackson
- Start date
IIVI
Superstar
Very underrated term so far.
Last president spent ~$30 billion on an incomplete border wall that gets blown down by the wind and that people walk around or hop over.
Current president spent ~$70 billion that largely exposed and repelled Russia.
US Debt by President | Chart & Per President Deficit | Self.
Here’s how much each President has contributed to National Debt, including decisions, events and statistics.
Lowest total debt change per president so far going back to JFK levels:
| President | Year | Debt At Start ($) | Debt When Leaving Office ($) | Debt Change Percentage | Total Debt Change ($) |
|---|---|---|---|---|---|
| Joe Biden | 2021-present | $28,428,918,570,048.60 | $30,928,911,613,306.70 | 8.79% | $2,499,993,043,258.10 |
| Donald J. Trump | 2017-2021 | $20,244,900,016,053.50 | $28,428,918,570,048.60 | 40.43% | $8,184,018,553,995.10 |
| Barack Obama | 2009–2017 | $11,909,829,003,511.70 | $20,244,900,016,053.50 | 69.98% | $8,335,071,012,541.80 |
| George W. Bush | 2001–2009 | $5,807,463,412,200.06 | $11,909,829,003,511.70 | 105.08% | $6,102,365,591,311.64 |
| William J. Clinton | 1993–2001 | $4,411,488,883,139.38 | $5,807,463,412,200.06 | 31.64% | $1,395,974,529,060.68 |
| George H. W. Bush | 1989–1993 | $2,857,430,960,187.32 | $4,411,488,883,139.38 | 54.39% | $1,554,057,922,952.06 |
| Ronald Reagan | 1981–1989 | $997,855,000,000.00 | $2,857,430,960,187.32 | 186.36% | $1,859,575,960,187.32 |
| Jimmy Carter | 1977–1981 | $698,840,000,000.00 | 997,855,000,000.00 | 42.79% | $299,015,000,000.00 |
| Gerald Ford | 1974–1977 | $475,059,815,731.55 | 698,840,000,000.00 | 47.11% | $223,780,184,268.45 |
| Richard Nixon | 1969–1974 | $353,720,253,841.41 | $475,059,815,731.55 | 34.30% | $121,339,561,890.14 |
| Lyndon Johnson | 1963–1969 | $305,859,632,996.41 | $353,720,253,841.41 | 15.65% | $47,860,620,845.00 |
| John F. Kennedy | 1961–1963 | $288,970,938,610.05 | $305,859,632,996.41 | 5.84% | $16,888,694,386.36 |
Doing good shyt right now to be honest. Four more years with a supportive, strong Congress would be
Last edited:
Very underrated term so far.
Last president spent ~$30 billion on an incomplete border wall that gets blown down by the wind and that people walk around or hop over.
Current president spent ~$70 billion that largely exposed and repelled Russia.
US Debt by President | Chart & Per President Deficit | Self.
Here’s how much each President has contributed to National Debt, including decisions, events and statistics.www.self.inc
Lowest total debt change per president so far going back to JFK levels:
President Year Debt At Start ($) Debt When Leaving Office ($) Debt Change Percentage Total Debt Change ($) Joe Biden 2021-present $28,428,918,570,048.60 $30,928,911,613,306.70 8.79% $2,499,993,043,258.10 Donald J. Trump 2017-2021 $20,244,900,016,053.50 $28,428,918,570,048.60 40.43% $8,184,018,553,995.10 Barack Obama 2009–2017 $11,909,829,003,511.70 $20,244,900,016,053.50 69.98% $8,335,071,012,541.80 George W. Bush 2001–2009 $5,807,463,412,200.06 $11,909,829,003,511.70 105.08% $6,102,365,591,311.64 William J. Clinton 1993–2001 $4,411,488,883,139.38 $5,807,463,412,200.06 31.64% $1,395,974,529,060.68 George H. W. Bush 1989–1993 $2,857,430,960,187.32 $4,411,488,883,139.38 54.39% $1,554,057,922,952.06 Ronald Reagan 1981–1989 $997,855,000,000.00 $2,857,430,960,187.32 186.36% $1,859,575,960,187.32 Jimmy Carter 1977–1981 $698,840,000,000.00 997,855,000,000.00 42.79% $299,015,000,000.00 Gerald Ford 1974–1977 $475,059,815,731.55 698,840,000,000.00 47.11% $223,780,184,268.45 Richard Nixon 1969–1974 $353,720,253,841.41 $475,059,815,731.55 34.30% $121,339,561,890.14 Lyndon Johnson 1963–1969 $305,859,632,996.41 $353,720,253,841.41 15.65% $47,860,620,845.00 John F. Kennedy 1961–1963 $288,970,938,610.05 $305,859,632,996.41 5.84% $16,888,694,386.36
Doing good shyt right now to be honest. Four more years with a supportive, strong Congress would be
@Worthless Loser
@Piff Perkins
Piff Perkins
Veteran
Wouldn't be stunned at all if Biden ends up the best president of our lifetime. It'll be him or Obama. And if Biden gets the second term economic recovery (inflation disappears) that Obama got, it's prob a wrap. I doubt he'll ever really be popular like Obama or any other successful president though.
We could be looking at the collapse of the Russian government and a major downsizing of China within the next few years man.
spencerforhire
All Star
Argentina Turns to Yuan to Save Dwindling Dollars
Buenos Aires will start paying for Chinese imports in yuan to ease diminishing foreign reserves.
foreignpolicy.com
Argentina Turns to Yuan to Save Dwindling Dollars
Buenos Aires will start paying for Chinese imports in yuan to ease diminishing foreign reserves.Argentina Shifts to the Yuan
Argentina will officially start paying for Chinese imports in yuan rather than dollars, Argentine Economy Minister Sergio Massa announced on Wednesday. Argentine authorities hope the currency deal will help ease the country’s diminishing dollar reserves. Building up its foreign currency reserves was a key pledge that Argentina’s government made as part of a $44.5 billion debt relief deal with the International Monetary Fund—and doing so is seen as critical to the stability of the country’s financial system.
For decades, Buenos Aires has battled high inflation and poverty, which were both exacerbated by the COVID-19 pandemic and a sharp drop in agricultural exports caused by a historic drought. Now, Argentina’s financial crisis is only getting worse. The country has one of the world’s highest inflation rates: It is currently more than 100 percent for the first time in three decades. Many banks are even having to build new vaults to hold all of the country’s currency deposits.
Argentine President Alberto Fernández has followed a Peronist economic strategy to fight inflation, one that “prioritizes popular economic welfare in the short term at the cost of long-term economic development,” FP’s Anusha Rathi explained. But any relief Peronism offers is short-lived.
On Tuesday, Fernández accused the country’s right-wing opposition party of fueling erosion of the peso against the dollar. Massa has since ordered an investigation into alleged wrongdoing and money laundering. He is the third finance minister to hold the key post since July 2022. Argentina will hold general elections in October, and combatting inflation is expected to be a top issue for voters.
Argentina is not the first Latin American country to switch to the yuan. Brazil recently signed an agreement with China to trade in yuan and reals instead of dollars. China is Brazil’s largest—and Argentina’s second-largest—trading partner. Both countries hope trading in yuan will decrease their dependency on the U.S. dollar as Chinese investment in the region grows; Beijing, meanwhile, hopes the moves will provide further momentum in its efforts to globalize the yuan.
Only a matter of time....
Amare's Right Hook
Southeast World Champion
The White House is in Harlem.
I Really Mean It
Veteran
Mighty Joe Old got some haters 
Argentina Turns to Yuan to Save Dwindling Dollars
Buenos Aires will start paying for Chinese imports in yuan to ease diminishing foreign reserves.
Argentina Turns to Yuan to Save Dwindling Dollars
Buenos Aires will start paying for Chinese imports in yuan to ease diminishing foreign reserves.
Argentina Shifts to the Yuan
Argentina will officially start paying for Chinese imports in yuan rather than dollars, Argentine Economy Minister Sergio Massa announced on Wednesday. Argentine authorities hope the currency deal will help ease the country’s diminishing dollar reserves. Building up its foreign currency reserves was a key pledge that Argentina’s government made as part of a $44.5 billion debt relief deal with the International Monetary Fund—and doing so is seen as critical to the stability of the country’s financial system.
For decades, Buenos Aires has battled high inflation and poverty, which were both exacerbated by the COVID-19 pandemic and a sharp drop in agricultural exports caused by a historic drought. Now, Argentina’s financial crisis is only getting worse. The country has one of the world’s highest inflation rates: It is currently more than 100 percent for the first time in three decades. Many banks are even having to build new vaults to hold all of the country’s currency deposits.
Argentine President Alberto Fernández has followed a Peronist economic strategy to fight inflation, one that “prioritizes popular economic welfare in the short term at the cost of long-term economic development,” FP’s Anusha Rathi explained. But any relief Peronism offers is short-lived.
On Tuesday, Fernández accused the country’s right-wing opposition party of fueling erosion of the peso against the dollar. Massa has since ordered an investigation into alleged wrongdoing and money laundering. He is the third finance minister to hold the key post since July 2022. Argentina will hold general elections in October, and combatting inflation is expected to be a top issue for voters.
Argentina is not the first Latin American country to switch to the yuan. Brazil recently signed an agreement with China to trade in yuan and reals instead of dollars. China is Brazil’s largest—and Argentina’s second-largest—trading partner. Both countries hope trading in yuan will decrease their dependency on the U.S. dollar as Chinese investment in the region grows; Beijing, meanwhile, hopes the moves will provide further momentum in its efforts to globalize the yuan.
Only a matter of time....
They're at 100% inflation. Who cares about those Monopoly money owning spice cacs
ABlackMan
Superstar
It’s JoeverMighty Joe Old got some haters
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