As can be clearly seen, there was a first acceleration of debt with the bursting of the .com bubble, another with the 2007 crisis, and another with the Covid crisis. This with alternating Democrats and Republicans in the White House. So this is not about one president or the other being solely to blame, let's see if we have forgotten which forum we are in. Just take a look at this:
https://www.usdebtclock.org/world-debt-clock.htmlI say this about the forum we are in because the forum was created, just like bitcoin against the fiat system scam, in which one party comes along and makes some small changes, and then another comes along and makes others, but they all share the fundamental basis, the destruction of fiat currency by increasing state spending and devaluing the currency with inflation, which many people do not realise is the biggest economic scam perpetrated by the states.
A lot of people are very biased and can't see anything past their preconceived believes. Recently, a lot of people have symptoms of trump derangement syndrome. To those that even have an ounce of rational thinking in them, it is evident that this is a problem that goes beyond any party and that no real solutions are even being proposed.
But it's current policies and choosing to continue the tax cut of 2017(which he enacted)
Hasn't really helped much.
More money in the hands of the state does not help at all, often it makes all these problems worse.
Its the opposite of a non event but the full impact and implications of losing a good credit rating might not be recognized immediately. The graph at least looks like its going parabolic with increasingly steeper gradient as the interest costs more so to the budget becomes increased by that added cost as in a feedback effect.
It is a non event, because 2 of the 3 main rating agencies already did this. It was just an overdue adjustment. Obviously something is wrong with the USA in terms of its finances, but it has nothing to do with Trump and his administration only. Other administrations have done nothing differently.