In First 2 Months in Office: Trump Reduced Debt by $100 Billion – Obama Increased Debt by $400 Billion
Guest post by Joe Hoft
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!
By comparison, under President Obama, the US Debt burden increased by more than $400 billion after his inauguration through March 19th 2009, his first two months in office. Obama increased the US Debt by 3.9% during this time period 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’ was the major piece of legislation 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.
One month after the Trump Inauguration the US Debt was down $12 billion now it is down $100 billion.