$35T is a lot, $8.18T was added by the Home Alone 2 extra, the most by any president in a single term, Obama added $8.7T over 2 terms, a large amount of what the 2 time Playboy adult video extra added was for tax cut to the top 1% of the US, about $2T, so he has to take the blame for a lot of this. Next we can see that the cuts to the federal work force reduced the IRS by 6800 people, all of which were probationary employees hired under Biden's strategy of going after high income earner tax cheats, most of these people were on around $68k. In the tax year ending in 2024, the IRS estimated tax fraud cost the US ~$490Bn and have come out and said that in the tax year ending 2025, due to the reduction in staff numbers, there will be ~$500Bn more lost to tax fraud than in the previous year, for a total estimated ~$990Bn. I may be crazy, but it would bake a lot more sense to employ more IRS investigators to go after this lost revenue than to sack them, that is unless you're not really that worried about the national debit but are worried about being caught defrauding the IRS. It's a similar story at the SEC.
Biting the hand that feeds IT
