During their first debate of the general election, President Joe Biden accused former President Donald Trump of raising the deficit more than any other president, blasting his predecessor for accruing the “largest deficit of any president within a four-year period.” While CNN moderator Jake Tapper cited a decadelong estimate of total projected spending by the Committee For a Responsible Federal Budget, the incumbent president is wrong. The president to approve the greatest deficit increase during his tenure is not Trump, but rather, Biden.
According to monthly data from Treasury Department, Trump spent $5.9 trillion more than he brought in from January 2017 to December 2020.
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