That is largely because the US economy is huge. It does not turn on a dime. You should look at economic trends. The upswing started in the Obama administration. Obama was regularly reducing the deficit once recovery started. Trump's economy was artificial. The growth continued, but it was largely due to his reckless spending. The growth rates were the same, but instead of further reducing the deficit he grew it. He was setting us up for the next recession. Covid was not his fault, but the recession that followed large was. He put us on that road. We were going to have inflation due to the necessary spending on Covid, That did begin with him, I do not blame him for the spending, but he is to blame for the cushion that we lost that Obama had started to build up.
I actually like Obama the man much more than Trump. It should be noted that
debts and
deficits are not the same thing but I won't argue your basic premise.
"A deficit is a budget shortfall, whereas debt is the running total of all deficits and surpluses. Deficits add to the debt, while surpluses reduce it."
US Debt by President: By Dollar and Percentage
Franklin D. Roosevelt (1933-1945)
President Roosevelt added the largest percentage increase to the national debt. Although he only added $236 billion, this was an increase of about 1,048% from the $22.5 billion debt level left by President Herbert Hoover before him. The Great Depression and
the New Deal contributed to FDR's yearly deficits, but the biggest cost was World War II—it added $186.3 billion to the debt between 1942 and 1945.2
Woodrow Wilson (1913-1921)
President Wilson was the second-largest contributor to the debt, percentage-wise. He added about $21 billion, which was a 723% increase over the $2.9 billion debt of his predecessor. World War I contributed to the deficits that raised the national debt.2
Ronald Reagan (1981-1989)
President Reagan increased the debt by $1.86 trillion, or by 186%. Reagan's
supply-side economics didn't grow the economy enough to offset the lost revenue from its tax cuts. Reagan also increased the defense budget by 35%.2
George W. Bush (2001-2009)
President Bush added $5.85 trillion to the national debt. That's a 101% increase, putting him in fourth. Bush launched the War on Terror in response to the 9/11 attacks, which led to multi-trillion-dollar spending on the War in Afghanistan and the War in Iraq. Bush also dealt with the 2001 recession and the 2008 financial crisis.2
Barack Obama (2009-2017)
Under President Obama, the national debt grew the most in dollar terms ($8.6 trillion) and was fifth by percentage at 74%. Obama fought the Great Recession with an $831 billion economic stimulus package and added $858 billion through tax cuts. Even though the fiscal year 2009 budget was set by President Bush, Obama added to it with the Economic Stimulus Act in 2009.23
Donald Trump
At the end of fiscal year 2020, the debt was $26.9 trillion. Trump added $6.7 trillion to the debt between fiscal year 2017 and fiscal year 2020, a 33.1% increase, largely due to the effects of the coronavirus pandemic and 2020 recession.
In his FY 2021 budget, Trump's budget included a $966 billion deficit.14 However, the national debt actually grew by $1.5 trillion between October 1, 2020, and October 1, 2021.
- FY 2021: $1.5 trillion
- FY 2020: $4.2 trillion
- FY 2019: $1.2 trillion
- FY 2018: $1.3 trillion
Barack Obama
President Obama added about $8.6 trillion, about a 74% increase, to the national debt at the end of President Bush’s last budget in 2009.
- FY 2017: $671 billion
- FY 2016: $1.42 trillion
- FY 2015: $326 billion
- FY 2014: $1.09 trillion
- FY 2013: $672 billion
- FY 2012: $1.28 trillion
- FY 2011: $1.23 trillion
- FY 2010: $1.65 trillion
- FY 2009: $253 billion (Congress passed the Economic Stimulus Act, which spent $253 billion)15
George W. Bush
President Bush added $5.85 trillion to the national debt, a 101% increase from the $5.8 trillion debt at the end of Clinton's last budget for fiscal year 2001.
- FY 2009: $1.63 trillion (this was Bush's deficit without the impact of the Economic Stimulus Act)
- FY 2008: $1.02 trillion
- FY 2007: $501 billion
- FY 2006: $574 billion
- FY 2005: $553 billion
- FY 2004: $596 billion
- FY 2003: $555 billion
- FY 2002: $421 billion
Bill Clinton
President Clinton increased the national debt by almost $1.4 trillion, almost a 32% increase from the $4.4 trillion debt at the end of President H.W. Bush's last budget.2
- FY 2001: $133 billion
- FY 2000: $18 billion
- FY 1999: $130 billion
- FY 1998: $113 billion
- FY 1997: $189 billion
- FY 1996: $251 billion
- FY 1995: $281 billion
- FY 1994: $281 billion
George H.W. Bush
President H.W. Bush added $1.55 trillion to the debt, a 54% increase from the $2.857 trillion debt at the end of Reagan's last budget.2
- FY 1993: $347 billion
- FY 1992: $399 billion
- FY 1991: $432 billion
- FY 1990: $376 billion
Ronald Reagan
President Regan added $1.86 trillion to the national debt, a 186% increase from the $997.8 billion debt at the end of Carter's last budget.2
- FY 1989: $255 billion
- FY 1988: $252 billion
- FY 1987: $225 billion
- FY 1986: $302 billion
- FY 1985: $251 billion
- FY 1984: $195 billion
- FY 1983: $235 billion
- FY 1982: $145 billion
Jimmy Carter
President Carter added $299 billion to the debt, a 42.7% increase from the $698.8 billion debt at the end of Ford's last budget.2
- FY 1981: $90.1 billion
- FY 1980: $81.1 billion
- FY 1979: $54.9 billion
- FY 1978: $72.7 billion