Guest post by Joe Hoft
President Donald Trump reduced the US Debt burden in his first month in office!
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!
On January 20, 2017, the US debt was $19,947 billion.
On February 21, 2017, the US debt was $19,935 billion.
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.
With Trump the stock market is up and debt is down – Winning, Winning, Winning!
Update: President Trump Tweeted the Numbers from our Post Saturday morning:
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