To be fair I think he's worried about the debt, regardless of who ran it up. But we issue debt in our own currency, mainly to ourselves, and we set the size, cost, and maturity of it. We'll be fine.
You can't fault Trump for running up a deficit during the pandemic, but you can fault him for cutting taxes when the economy was good. Clinton ran a balanced budget. Since then we've had two Republican administrations increase deficit spending in a good economy and one Democratic administration do so in a recession (as you should). Republicans screamed about the debt ceiling under Obama yet suddenly we stopped hearing about that under Trump. Meanwhile in the primaries Democrats were proposing spending plans along with taxes to pay for them, and hammering each other over costs. Pre-covid, the choice would have been between Democrats' big government that we make some attempt to pay for and Republicans' small government/corporate welfare that we borrow for. So yes, it's definitely a partisan issue. Btw, AIG was Bush (not faulting him for it), and the article you linked goes on about TARP (among others), which also started under Bush. Like a lot of sensationalist journalism, it's ignorant of the difference between loans and giveaways. Not really relevant, but rents are down and vacancies up. Evictions will only increase that. Landlords might want to scrutinize renters' ability to pay, but they have no leverage to extract concessions. To me the real question is does this go on long enough to impact long-term rent expectations and thereby start to hit home prices.
Well... lets drop the A-Bomb on China then. Then we can rebuild it. Worked in WW2. 75 years wasn't that long ago really. Happy V-J Day btw (09/02/1945)... to all those cats that are still alive. God love em. Back when peaceful assemblies were just that. In so many ways....
Oh right, I forgot Obama is only responsible for the economic boom. It doesn't matter that his policies enabled rampant buybacks and inflated stock prices. Right - Obama can do no wrong. Makes sense. Hah, and you make fun of trump supporters for worshipping their God-King.
TARP was passed before Obama was even elected, financial crisis was at peak even before his election. You are talking gibberish.
US debt is now projected to be larger than the US economy Another feather in the cap of the MAGA economy