According to statistics, since his time in office, Donald Trump has cut the United States debt by $12 billion in just a month. And while that’s just a tiny percent of what’s owed, it’s a step in the right direction.
On January 20th, the day of the Trump Inauguration, the US Debt stood at $19,947 billion. On February 21st, a month later, the US Debt load stood at $19,935 billion. Trump cut the US Debt burden by $12 billion and 0.1% in his first month in office!
Knowing this, why are so many people quick to hate Donald Trump? So much of what young people vote for it based on social issues. America could be on fire and living in a Mad Max state of affairs, but as long as we’re letting transgendered children into the boy scouts, everything is fine. If you think Donald Trump is evil, he’s a necessary evil, and just what America needs. The proof is in the numbers.
The media has not reported that the National Debt in my first month went down by $12 billion vs a $200 billion increase in Obama first mo.
— Donald J. Trump (@realDonaldTrump) February 25, 2017
By comparison, 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% in his first month and signed the trillion dollar ‘Stimulus’ bill which is widely considered a colossal failure and waste of US tax dollars as well. The failed ‘Stimulus’ did not kick in till later in Obama’s first year leading to Obama’s first year deficit of $1.4 trillion. Overall Obama doubled the US Debt during his Presidency and set records for highest deficits and the largest debt increase by any President ever.
Source: thegatewaypundit.com
If anyone thinks he had anything to do with it is totally misinformed he has not put one policy in place that that has contributed to this it is left over from previous administration
Y’all realize we’re still operating under the budget Obama put in place in his last year, right? If you knew anything about how the federal budget works, you’d know that a fiscal year begins on October 1 and ends September 30 the following year. What this means is Obama has decreased the national debt based on his fiscal year budget.
For those of you who believe Trump reduced the national debt, you need to find a credible news source. If you followed the national debt, you’d know that the debt fluctuates by billions of dollars ever single day based on earning and spending based on our federal budget plan. If you knew how the federal budget works, you’d also know this source and Trump himself were lying. The federal budget begins its fiscal year on October 1 and ends September 30 the FOLLOWING year. Trump wasn’t in office last October. He didn’t make the budget. If you still believe that Trump has reduced our debt, please share legislation that proves this. I imagine you will have a hard time finding any, but good luck searching!