Skip to comments.In First 2 Months in Office: Trump Reduced Debt by $100 Billion – Obama Increased Debt $400 Billion
Posted on 03/19/2017 4:15:35 PM PDT by Enlightened1
(Excerpt) Read more at thegatewaypundit.com ...
That will pay for a bunch of walls...
Honestly, not impressed
Have to Invest Money to Save Money
Building the wall will pay for itself, lets do it
Not spending money we don’t have always saves on interest paid.
But unless Trump can keep this rate downward up, or accelerate it, it won’t matter much.
I am given the $hit Storm the Globalists/Establishment have been putting President Trump compared to Obama or any other President.
Moreover, the physical and visible Wall is not going to go up in a split second. It’s takes time to build.
How much money will rising interest rates pull out of the Shock Market?
Sorry, natural fluctuation in treasury dept. bookkeeping...for example debt was “reduced” by 71 billion between 11-29-16 and 12-8-16 under Obama. And Mr. Trumps’s proposed budget is $400 billion+ in deficit.
For the President to impact the economy takes a lot longer that two months. Sorry but this is not the result of Trumps policies.
Shock Market is an interesting term, no matter if a typo or intentional. The stock market responds by in large as an irrational force, responding to people’s own emotions and also how they perceive other people’s emotions to be (which may obviously not be what they are).
This is part of why too many people tend to buy high and sell low.
Government spending is a net cost.
Don’t expect Keystone Keynesians to understand this (think “Keystone Cops”) as they see spending either in terms of need or opportunity. Bad times, they assert, demand more spending while good times are an opportunity for more spending. The only constant is more spending.
If only they were Keynesians! Bad as that is it would still be an improvement over what they are now....
I call it the Shock Market.
At least our Kenyanesian Economist is now in Tahiti.
Also, the debt ceiling got reinstated on March 15th, and the treasury dept. has made moves to keep it under the new $19,846.045,559,411.81 ceiling. See: https://www.treasury.gov/initiatives/Pages/debtlimit.aspx
and they are current suspending payments to federal pension plans among other things:
Thanks for the chart, but natural progression? Haha!
Sorry but that is not true.
Look at the date in Jan 4th 2016 and look at it in Jan 4th of 2017 (page 1 and 7_. The deficit WENT UP over 1 Trillion. THAT was the NATURAL PROGRESSION..... It was NOT TRENDING DOWN like you are implying.
Just the fact that it has suddenly stopped going up is remarkable enough.
Here is the debt on Jan 4th 2016 (18 Trillion 900 Billion)
Here is the debt on Jan 4th 2017 (19 Trillion 952 Billion)
Like I said, “treasury dept. moving $$ around”...(in anticipation of new debt ceiling on March 15th). We are still running a $430+ billion yearly deficit ($1.18 billion a day roughly).
New debt ceiling in effect March 15th...see post #15.
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