U.S. Debt DECREASED by Almost $70 Billion Since Trump Inauguration
Donald Trump is a fiscal hawk.
During his campaign, Trump proved that he takes fiscal responsibility seriously. That’s even more true, now that President Trump is responsible for the economy.
Even as Fed Chairman Janet Yellen has begun increasing the interest rate, Donald Trump reduces the debt.
For those keeping score, we reported that President Trump slashed $12 billion his first month, and that was only for the partial month of January.
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According to data compiled by The Gateway Pundit, President Trump continues to needle away at the national debt. The new number is almost $70 billion.
On January 20th, the day of the Trump Inauguration, the U.S. Debt stood at $19,947 billion. On March 8th, more than a month later, the U.S. Debt load stood at $19,879 billion. Trump has cut the U.S. Debt burden by $68 billion and 0.3% in since his inauguration!
Sadly, under President Obama by comparison, the U.S. Debt burden increased by more than $320 billion after his inauguration through March 8, 2009.
Keep in mind that Obama had received the favor of George Bush taking the hit for the $787 billion bailout. Obama begged Bush to do this, supposedly to save the financial industry. In fact, the move was requested to save Obama’s ass.
Even with Bush’s favor, Obama increased the U.S. Debt by 3.1% during this time period. Next, he signed the trillion dollar ‘Stimulus’ bill, which was to finance “shovel-ready” jobs. Obama admitted later that perhaps they were as shovel-ready as he thought.
The consensus is the stimulus was not stimulating at all and in fact a failure.
Obama ended his first year with a deficit of $1.4 trillion. Ultimately Obama would double the U.S. debt and set records for both deficits and debt.
Trump’s performance has been masterful, which is why the Democrats continue to cry “Russian.” If they were to allow the American public to focus on how great President Trump is doing, the Left knows they will be in big trouble.
You can expect the president to stay the course, confounding the so-called “experts.”