BREAKING! THE RESULTS ARE IN! Look What Trump Has Done To The National Debt In 1 YEAR!
THEY SAID IT WAS IMPOSSIBLE!!
If there’s one thing that Americans are sick and tired of, it’s government spending money that it doesn’t have. If we the people have to balance a checkbook and pay back what we owe, then the government should have to as well. If they can’t keep the balance book straight, then we need to hire new people to take their jobs who can.
This is part of what inspired electing a businessman into what is traditionally a politician’s position in Washington. President Trump’s main credential in the running for office was that he planned to run the United States like a business, and he’s been known to be very good at business. A significant portion of his campaign promises had to do with balancing the government’s checkbook.
Since everyone on the left expected him to fail miserably, it’s a sad day for most when his successes in the economy come to light. The biggest of which is the way he has already pain-free free steps to lower the national debt. The Gateway Pundit reports that the almost $20 trillion in debt that we began this administration with has begun to fluctuate in the right direction:
“In spite of the fact that President Trump took over with nearly $20 trillion of debt and the related interest payments on the debt, and in spite of the Federal Reserve (FED) under Janet Yellen increasing interest rates by a full 1 percent since the 2016 election, President Donald Trump’s debt is one third and $1.2 trillion less than Obama’s.
The US Debt since President Trump was inaugurated on January 20th, 2016 through today has increased by only $547 billion. On inauguration day the debt was at $19.9 trillion and on February 7th, 2018 the debt stood at $20.5 trillion.
Although a half a trillion dollars is a lot of money added to the debt, it is a fraction of what President Obama added during the same time frame in his first year plus in office.
Where President Trump increased the Debt to date by only 2.7% , Obama increased the debt by 16.2% or 13.5% more than President Trump.
President Obama inherited a US Debt amount of $10.6 trillion on his inauguration and increased it by more than $1.7 trillion by the end of his first year in office.
Obama increased the US Debt amount by $1.2 trillion more than President Trump in the same respective time in office.”
The problem is far from gone, but the breaks are being put on the downward spiral. It might not seem that encouraging that the debt hasn’t gone down. However, if you think about the fact that the country is continuously moving in one direction or another, you can hopefully understand that the steep decline into debt is being gradually flattened out, and will eventually take a turn back toward the positive.
Another facet of this issue is not only the debt itself but the Gross Domestic Product. President Trump has made leaps and bounds in the correct direction on that front:
“Another impressive economic indicator for President Trump is related to the debt to GDP ratio. The higher a country’s debt to GDP ratio, the less healthy the country’s economy. With the GDP numbers released at the end of 2017, President Trump’s policies have officially decreased the Debt to GDP ratio by 1.2% in the President’s first year in office.
In contrast, President Obama increased the US Debt to GDP ratio his first year in office by 14.5%. Obama increased the same ratio a total of 37% over his 8 years in office.
The US GDP has increased each quarter in 2017 with the 4th Quarter GDP increasing to $19.739 trillion – the highest GDP for any country in world history.
Also, President Trump has curtailed US spending. The result is that the US Debt to GDP ratio decreased in 2017 from 105% to 104%.
No President in more than 50 years has decreased the Debt to GDP ratio in his first year in office by more than 1%. The last President to do so was Nixon in 1969. Presidents Reagan and George W. Bush decreased the Debt to GDP ratio in their first years in office but by less than 1%.
Don’t be fooled, President Trump has increased the US debt by a fraction of that of Obama and the debt to GDP ratio is decreasing. As a result, America is moving in the right direction for the first time in at least a decade.”
Rome wasn’t built in a day, and Obama didn’t dig us into this incredible financial hole in a day either. What we can take away from this is that the problem is being fixed faster than it was broken, and that is what’s known as progress. The constant governmental bickering, while tiring, is at least a reminder that there are people now able to go to bat for our economic health. They can do that now because they have a President that will back the correct budget when it is finally made.