Guest post by Joe Hoft
President Trump’s record for the largest and longest US Debt decrease still stands but it ended today.
Although President Trump held the longest and largest decrease of US Federal Debt in US history at $100 Billion, it is now over.
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When President Trump was inaugurated on January 20, 2017 the amount of US Federal Debt owed both externally and internally was over $19 Trillion at $19,947,304,555,212. As of September 1st the amount of US Debt had decreased by more than $100 Billion but today the amount of US Debt rose for the first time in months to over $20 Trillion. President Trump has now increased the US Debt by a little more than $215 Billion or a little more than 1% .
What the Mainstream Media (MSM) will not tell you is that President Obama increased the US debt by more that $1.1 Trillion at this time during his Presidency. When Obama was inaugurated the US Debt stood at $10.6 Trillion. By September 8, 2009, President Obama had increased the US Debt to more than $11.7 Trillion. This was an increase of $1.161 Trillion or nearly 11% .
The difference between Presidents Trump and Obama is that President Obama increased the US Debt by $946 Billion or nearly $1 Trillion more than President Trump during their respective first seven months through September 8th.