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In First 2 Months in Office: Trump Reduced Debt by $100 Billion Obama Increased Debt $400 Billion
GP ^ | 03/19/17 | Jim Hoft

Posted on 03/19/2017 4:15:35 PM PDT by Enlightened1

In First 2 Months in Office – Trump Reduces Debt by $100 Billion – Obama Increased Debt by $400 Billion – Half a Trillion Dollar Difference!
 
On January 20th, the day of President Trump’s Inauguration, the US Debt stood at $19,947 billion. As of March 16th, the most recent date for US debt reporting, the US Debt stands at $19,846 billion. President Trump has cut the US Debt burden by over $100 billion and 0.5% in the first two months since his inauguration!
 

(Excerpt) Read more at thegatewaypundit.com ...


TOPICS: Business/Economy; Constitution/Conservatism; News/Current Events; Politics/Elections
KEYWORDS: 100billion; debt; reduces; trump
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1 posted on 03/19/2017 4:15:35 PM PDT by Enlightened1
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To: Enlightened1

That will pay for a bunch of walls...


2 posted on 03/19/2017 4:22:40 PM PDT by CMailBag
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To: Enlightened1

Honestly, not impressed

Have to Invest Money to Save Money

Building the wall will pay for itself, lets do it


3 posted on 03/19/2017 4:25:05 PM PDT by dila813 (Voting for Trump to Punish Trumpets!)
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To: dila813

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.


4 posted on 03/19/2017 4:30:44 PM PDT by Rurudyne (Standup Philosopher)
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To: dila813

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.


5 posted on 03/19/2017 4:33:36 PM PDT by Enlightened1
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To: Rurudyne

How much money will rising interest rates pull out of the Shock Market?


6 posted on 03/19/2017 4:34:10 PM PDT by central_va (I won't be reconstructed and I do not give a damn.)
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To: Enlightened1
WINNING!!!

7 posted on 03/19/2017 4:37:06 PM PDT by Chode (My job is not to represent the world. My job is to represent the United States of America-#45 DJT)
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To: Enlightened1

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.

https://treasurydirect.gov/govt/reports/pd/pd_debttothepenny.htm


8 posted on 03/19/2017 4:40:03 PM PDT by Drago
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To: Enlightened1

For the President to impact the economy takes a lot longer that two months. Sorry but this is not the result of Trumps policies.


9 posted on 03/19/2017 4:51:34 PM PDT by Michael.SF. (Women who are 25 pounds overweight tend to live longer than the men who mention it.)
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Comment #10 Removed by Moderator

To: central_va

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....


11 posted on 03/19/2017 4:54:22 PM PDT by Rurudyne (Standup Philosopher)
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To: Rurudyne

I call it the Shock Market.


12 posted on 03/19/2017 4:57:35 PM PDT by central_va (I won't be reconstructed and I do not give a damn.)
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To: Rurudyne
Hey, what's he doing? He is getting rid of all this 'progress' that king barry accumulated.
13 posted on 03/19/2017 4:57:44 PM PDT by jr3000
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To: Rurudyne

At least our Kenyanesian Economist is now in Tahiti.


14 posted on 03/19/2017 4:59:13 PM PDT by Paladin2 (No spellcheck. It's too much work to undo the auto wrong word substitution on mobile devices.)
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To: Drago

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:

https://www.treasury.gov/initiatives/Documents/Description_of_Extraordinary_Measures_2017_03_16.pdf


15 posted on 03/19/2017 5:00:45 PM PDT by Drago
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To: Drago; All

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.


16 posted on 03/19/2017 5:01:51 PM PDT by Enlightened1
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To: Rurudyne

Just the fact that it has suddenly stopped going up is remarkable enough.


17 posted on 03/19/2017 5:03:50 PM PDT by ichabod1 (The Wise Cracker)
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To: Drago; All

Here is the debt on Jan 4th 2016 (18 Trillion 900 Billion)

https://treasurydirect.gov/govt/reports/pd/pd_debttothepenny.htm

Here is the debt on Jan 4th 2017 (19 Trillion 952 Billion)

https://treasurydirect.gov/govt/reports/pd/pd_debttothepenny.htm

Nice try.....


18 posted on 03/19/2017 5:04:46 PM PDT by Enlightened1
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To: Enlightened1

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).


19 posted on 03/19/2017 5:08:29 PM PDT by Drago
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To: ichabod1

New debt ceiling in effect March 15th...see post #15.


20 posted on 03/19/2017 5:09:47 PM PDT by Drago
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