Based on Statistics from the U.S. Department of Treasury, President Donald Trump has made HUGE cuts into the national debt. When he was first elected into office, the number was $19,947 billion. We have now been reduced by $68 billion, leaving us with a national debt of $19,879. This has cut the burden of the United States by 0.3% in a little over 2 months!
When comparing this to the previous administration under Former President Barack Obama, our burden of debt increased by $320 billion by the time of March 8th, 2009. This was almost the exact opposite of President Trump in that Obama increased our country’s debt by 3.1%. Factoring in the stimulus that happened after that, Obama overall DOUBLED the United States Debt during his presidency and, when compared to all other Presidencies, he set record highs for deficits.
From Gateway Pundit:
One month after the Trump Inauguration US Debt was down $12 billion now it is down $68 billion.
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.