The Wall Street Journal cited experts saying that the U.S. government is like "a teenager with a credit card" and this credit card is "unlimited" before it has to be repaid. This statement is unfair to President Trump, because according to statistics from the U.S. Treasury for 48 years, the U.S. government has been living on such a credit card since the end of the Cold War. When Clinton took office, it broke through $4 trillion, then continued to rise, reaching $8 trillion during Bush's second term, and Obama's administration frequently maxed out the credit card, breaking through $20 trillion before Trump's first term, and then continuing to spend heavily every year. When Biden took office, the credit card balance surged past $28 trillion in his first year, and by 2024, when Trump returned, the credit card had already reached $36 trillion.
Therefore, the comments from U.S. media are not honest. Trump criticized these media as "enemies of the American people," and professional producers of fake news, because they are good at twisting facts and creating confusion, making it seem as if only Trump particularly likes to use the credit card. In fact, this is not true. For the past 50 years, all previous U.S. presidents have been the same kind of people. They just enjoy spending without caring about the next president's situation, because this credit card is not only "unlimited," but also has no "due date."
Original article: https://www.toutiao.com/article/1836803913014272/
Statement: This article represents the views of the author.