Debt surge $20T to $40T under Trump Biden
People keep forgetting the massive gap between where debt stood back then and where it sits now, mostly because leadership has been completely incompetent for decades. Congress and the Federal Reserve are the reason there is no rescue left in the tank after they shoved so much money into the system over twenty-one years instead of just a couple. The numbers don't lie: debt doubled from $20T to $40T across two Trump terms and one Biden term, yet nobody seems to be factoring that reality in when looking at the Buffett indicator. They pushed cash into the economy all the time when they shouldn't have, and now we're stuck with a situation where neither the Fed nor Congress can save us again.
