On January 20th, the day of the Trump Inauguration, the US Debt stood at $19,947 billion. A month later, on February 21, the US Debt load stood at $19,935 billion. That represents 0.1 percent less.
Now let’s take a look at Obama’s performance during the same period:
Under President Obama, the US Debt burden increased by more than $200 billion in his first month in office.
Obama increased the US Debt by 2 percent in his first month.
Remember that Obama put into law the trillion dollar ‘Stimulus’ bill. Most economists have declared the Stimulus bill anything but stimulating.
The failed ‘Stimulus’ did not kick in until later in Obama’s first year, and led to a year one deficit of $1.4 trillion. Further, as has been well documented, Obama doubled the debt during his presidency.
Obama set records for highest deficits and the largest debt increase by any president, a fitting legacy.
These are the numbers, and the facts. Obama was reckless, to say the least.
Imagine what $12 billion can do when it’s not wasted on nonsense.
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