THE US DEBT NUMBERS FROM TRUMP’S FIRST 7 MONTHS ARE IN AND WOW

 

No President in US history has ever cut the amount of US Debt by this amount and no President has resided over a debt cut like this ever. 

The Gateway Pundit has been closely watching the US Debt numbers since Trump stepped into office on January 20th and the results are nothing short of astonishing.

According to their report, the US Debt has decreased by over 100 BILLION DOLLARS since January! According to the GWP, this is the first time this has ever been done in history.

Here’s more from their full report:

It’s Now Official – No President in US History has Cut More from the US Federal Debt for a Longer Period of Time than President Donald J. Trump.

President Trump now can claim the longest and largest decrease of US Federal Debt in US history.

When President Trump was inaugurated on January 20, 2017 the amount of US Federal Debt owed both externally and internally was over $19 Trillion at $19,947,304,555,212.  As of August 17th the amount of US Debt had decreased by more than $100 Billion to $19,845,188,460,167.

No President in US history has ever cut the amount of US Debt by this amount and no President has resided over a debt cut like this ever. 

History buffs may say that this is incorrect because President Bill Clinton and President George W. Bush oversaw US Debt cuts over a period of a few years after the Republican Congress led by House Speaker Newt Gingrich forced Clinton into signing a balanced budget. We thought the same, but our analysis determined that this is actually not correct.

Congress did push Clinton into signing a balanced budget but the amount of US debt during this period actually increased.  This is confirmed through data maintained by the US Treasury at Treasurydirect.gov.

The US Government Accountability Office (GAO) has performed audits since 1997 of the US Debt amounts outstanding.  In their analysis they show that when accounting for US Debt Held by the Public and US Intergovernmental Debt Holdings, the amount of US Debt has increased every year since their audits began.

A review of the amount of (unaudited) of US Debt outstanding back through the Civil War shows that the last time the US Federal Government had a debt decrease between years was when Republican Eisenhower was President in 1957 and 1958.  He cut the amount of US Debt by $2 Billion each year from $274 Billion in 1956 to $273 Billion in 1957 and again to $271 Billion in 1958.

No President besides President Donald Trump has cut the amount of US Debt by $100 Billion ever.

(Note that this will not be shared by CNN, the Failing NYT or the Washington Post as they are too busy reporting on former President Obama’s race war.)

What an amazing accomplishment from our President! As you know, the liberal media won’t talk one damn bit about this…so it’s up to YOU to spread the news!!!