Guest post by Joe Hoft
The US Government’s reporting of the US Debt Amount has hit a glitch. The amount reported for the last 3 months is the same amount. “Deep State” is suspected of ‘cooking the books’ to misreport the actual amount of debt reduction under President Trump.
As of today, President Trump decreased the US Debt since his inauguration by (-$101) Billion.
President Obama on the other hand increased the US debt in his first five months by $771 Billion.
Obama increased the US debt in his first 5 months by $872 billion more than President Trump or by nearly a trillion dollars more!
However, the ironic part is that the amount of US debt reported under President Trump is the same amount reported for the last 3 months in a row. The amount of US debt under President Trump decreased by as much as $101 billion between January 20th (the date of President Trump’s inauguration) and March 15th. However, for the 3 months between March 15th and June 15th the amount of US debt did not materially change. During this entire 3 month period the debt stayed the same.
Under President Obama, the amount of US debt stayed the same for long periods at a time when the debt reached levels that were near the US debt limit. The Obama Administration was suspected of ‘cooking the books’ to keep the government running rather than reporting the true amount of the US debt which would have resulted in a constitutional crisis and possible government shutdown. But under Obama the amount of US debt was always going up.
Under President Trump the amount of US debt decreased by $100 billion during his first 2 months in office. This trend stopped in March and the debt amount reported is the same amount reported daily since that day. It appears that ‘deep state’ doesn’t want to report the true amount of debt reduction under President Trump. The current administration’s policies including a government hiring freeze; regulation reductions; immigration reductions; etc all lead to less expenses for the government and thus tax payer savings and debt reductions.
One thing is certain, the current amount of US debt reported is not accurate. Maybe ‘deep state’ knows what it really is?