The national debt has grown by $25.73 trillion since 1993. The largest single-term increases took place under President Donald Trump, largely in response to the COVID-19 pandemic, and President Barack Obama’s first term during the Great Recession.
Under President Donald Trump, the national debt grew from $19.96 to $27.77 trillion, a 39.1% increase. This was due to the huge tax refund he gave to the top 1% and himself.
As of March 1, 2023, the national debt has grown from $27.77 trillion to $31.46 trillion under President Joe Biden, a 13.3% increase. This addition was due to COVID and economic stimulus post COVID to get the economy going. Money well spent for infrastructure etc