Dschrute3
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- Dec 10, 2016
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- #121
Okay, so I don't see a reduction in the Public debt, and what they are talking about is the Intragovernmental holdings. It appears that there was an initial reduction of 8 billion, and though I didn't do all the numbers, it looks as if the number reclaimed where it started within two days.Where did Drudge get these numbers?More great news for America. Not so great news for Democrat Trump-Haters.
Amazing: US Debt Decreased by More Than $60 Billion Since Trump Inauguration
On January 20th, the day of the Trump Inauguration, the US Debt stood at $19,947 billion. On March 8th, more than a month later, the US Debt load stood at $19,879 billion. Trump has cut the US Debt burden by $68 billion and 0.3% in since his inauguration!
By comparison, under President Obama, the US Debt burden increased by more than $320 billion after his inauguration through March 8th 2009. Obama increased the US Debt by 3.1% 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’ 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...
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Amazing: US Debt Decreased by More Than $60 Billion Since Trump Inauguration
DRUDGE REPORT 2017®
The debt clock is currently at 19.941 trillion dollars as of this timestamp.
There's a link in the OP.
So I'm not sure where they claim their 68 billion dollars when it was actually 8 billion.
The chart is woefully lacking in details, specifically, how was this achieved?
I'll admit i'm no expert. And it is a drop in a bucket anyway. But i try to be optimistic. Hopefully this decrease will become a trend. But Trump isn't known to be a staunch fiscal Conservative. He's never claimed to be. So this could be a temporary positive development. I'm a realist.