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Look What Just Happened to the US National Debt in 68 Days Since Trump Was Elected (Video)
If one looks back at the U.S. stock markets reaction since the historic election that was held in November, it’s difficult to find a comparable period of euphoria over the last couple of years that matches the one we’ve seen the last 60 days or so.
With that said, even though optimism is always is a better recipe for success than than pessimism, many have lost touch with “realism,” and the end result has been anything but responsible planning on the part of most Americans. Most are too busy enjoying what many have referred to as “Trumphoria.”
Make no mistake, a global economic crisis is coming, and it’s coming fast, but you have to give credit where credit is due, and this statistic about the U.S. national debt is nothing short of miraculous.
Well done President Trump. Well done indeed.
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President Trump has done something that hasn’t been done by a president in decades; he started taking his campaign promises seriously. His track record, even during his short tenure in office, has caused a ripple effect across not only the nation, but the world. His leadership has caused foreign diplomats, both friend and foe, to revise how they treat the United States.
While it’s true that President Trump is acting like a veritable Chuck Norris of Presidents, to be fair, most of what he’s doing is just un-doing. Undoing the “change” that his predecessor so proudly enacted. While it wouldn’t take much to show up our illustrious former President, one impressive reversal that President Trump has accomplished has to do with the national debt. Trump’s impressive business instincts have kicked into high gear and a little bit of budget tweaking has gone a long way.
When the President took office on January 20th, the US Debt stood at $19,947 billion. On March 8th, about 6 1/2 weeks later, the US Debt stood at $19,879 billion. That means that in under 2 months Trump has lowered the national debt by $68 billion since his inauguration.
Here’s a breakdown of the debt decrease.
This is a stark comparison to what President Obama accomplished during his time in office. Between his inauguration and March 8th, 2009 the US Debt burden increased by more than $320 billion. Obama also enacted the trillion-dollar ‘Stimulus’ bill which, surprise surprise, turned out to be a colossal failure and waste of US tax dollars. Overall, Obama doubled the US deficit during his tenure in office and set new records for the largest debt increase during any presidency.
Here’s a comparison chart of Obama’s first few weeks in office.
Even if the United States just put it on cruise control, and nothing else changed during the Trump Administration, cleaning up this colossal financial mess that has been made by corrupt politicians who can’t seem to balance a checkbook, would be completely worth it. Obama promised us change, and after 8 years that’s pretty much all he left us with. Trump promised to make America great again, and this debt decrease is just the beginning of many more great things to come.
How Long Has Trump Been President? http://howlonghasdonaldtrumpbeenpresident.com/ ?
(Source: Gateway Pundit)
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Amorites…60 BILLION IN 68 DAYSOR ROUNDED 2MONTHS SAVED, IF THIS TREN COULD BE CARRIED FOR TRHE YEAR WE WOULD HAVE ROUNDED 297 MORE DAYS OR 297 OR 1O MONTHS LEFT TIMES 60 BILLION EVERY 2 MONTHS A MINIMUM OD 600 BILLION RANGING TOI 807 BILLION SAVINGS FOR A YEAR AT 4 YEARS 3.221 TRILLION AND WITH LESS REGULATIONS SMALLER GOVT SHOULD SEE GREATER SAVINGS. BUT WE MAY NEED TO FIRST KEEP GOVT STABLE BY INCREASING THE DEBT SOME.NOTE THE IMF DOES NOT WANT USA GOVT TO BE STABLE THEY WANT CONTINUED BORROWING FOR INTEREST WHICH WE NOW FIND HARDER TO PAY, LETS GET RID OF THESE UN AMERICAN LENDERS TAKING CONTROL BACK TO THE CONGRESS FOR OUR CURRENCY.
The bottom line is an improvement in the economic health of our nation.
Excellent article, Voice of Reason. You as well as thegatewaypundit.com are two of my favorites!
Thank you, BIN for allowing an article of substance as the headline!!!
Considering that President Trump hasn’t signed any fiscal legislation whatsoever at this point in time, I wonder what he thinks he did to reduce the debt.