In First 2 Months: Trump Reduced Debt by $100 Billion – Obama Increased Debt by $400 Billion

So Trump has reduced the debt in his first 2 months. Is this for realsees? Or is it a hick up?

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!

The same time frame Obama increased the debt, different times and situations. But he did increase it. The credit card was definitely being used under Obama.

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.

www.thegatewaypundit.com...

a reply to: seasonal

Psst!

No he didn't.

This is Obama's budget. The fiscal year for 2016 hasn't ended yet.

Trump can't take credit for anything related to the debt until October.

~Tenth

originally posted by: seasonal

The same time frame Obama increased the debt, different times and situations. But he did increase it. The credit card was definitely being used under Obama.

I love how the great recession isnt more than a blurb now.

originally posted by: tothetenthpower
a reply to: seasonal

Psst!

No he didn't.

This is Obama's budget. The fiscal year for 2016 hasn't ended yet.

Trump can't take credit for anything related to the debt until October.

~Tenth

Some might even call the OP "Fake News".

a reply to: bknapple32

Oh no, it is way more than a blurb. As I said in the thread, different times and different situations.

So what budget or fiscal plan do you think Trump has enacted that's caused this to go down?

Is it the same budget he didn't talk about a month ago when he tried to take credit for the debt going down?

a reply to: Kryties

Even Trump tried to take credit for it last month:

a reply to: Shamrock6



Sorry Sir, but no, that's false and misleading. But who am I kidding? That was expected.

~Tenth

a reply to: seasonal

Obama's early spending was in fact his.

Bush never signed the FY2009 budget papers.

I think Trump has issued some spending reduction requests since Jan 20th.

Details are needed.

here's the daily Treasury reports.....

Treasury Daily

So what important programs and regulations did he axe in order to do this? Short-term victories are pointless when results of that decision effect us in the long-term. And by long term, I don't mean five years. I mean 20 years. I mean, our kids future.

a reply to: tothetenthpower

I think the mood of the country has changed. And our economy is based in large part on the consumer confidence. If Obama's budget was based on debt, I can't say if it was, than it would stand to reason that the debt would have continued.

a reply to: tothetenthpower

Oh sure, just say what I said but throw in a pretty picture and suddenly it's your idea

originally posted by: seasonal
a reply to: tothetenthpower

I think the mood of the country has changed. And our economy is based in large part on the consumer confidence. If Obama's budget was based on debt, I can't say if it was, than it would stand to reason that the debt would have continued.

It doesn't matter how people 'feel' about the debt.

Consumer confidence does not affect that number, it affects the stock market.

Obama's fiscal budget for 2016, like any budget, generally affects the debt in positive AND negative ways throughout the year.

~Tenth

a reply to: seasonal

The mood of the country in 09 was all "hope and change hope and change!"

I don't think we can even pretend that everything is all sweetness and light now compared to then, but you're welcome to try.

originally posted by: tothetenthpower

But who am I kidding? That was expected.

This does not surprise me in the slightest. From fake wiretapping, to taking credit for others budgets - it's exactly the type of behaviour most intelligent people expected from him.

a reply to: Shamrock6

See the post, I fixed it for you

~Tenth

a reply to: tothetenthpower

'preciate ya

a reply to: FelisOrion

Very true, this is a small but if it is a sign of things to come it is a victory.

It is way to early to thump chests, but it is interesting.

originally posted by: tothetenthpower
a reply to: Kryties

Even Trump tried to take credit for it last month:

a reply to: Shamrock6

Sorry Sir, but no, that's false and misleading. But who am I kidding? That was expected.

~Tenth

False and misleading is what we've come to expect from this president.

originally posted by: seasonal
a reply to: FelisOrion

Very true, this is a small but if it is a sign of things to come it is a victory.

It is way to early to thump chests, but it is interesting.

A victory for Obama yeah, whose budget is still the one being used.

a reply to: windword

What Trump said is factual.