Labels

SUPPORT JULIAN ASSANGE

Monday, August 21, 2017

US President Trump decreases US Debt by more than $100 Billion

US President Trump decreases US Debt by more than $100 Billion


This will not be shared by CNN, the Failing NYT or the Washington Post.

WASHINGTON, D.C. - FEBRUARY 22: (AFP-OUT) U.S. President Donald Trump discusses the federal budget in the Roosevelt Room of the White House on February 22, 2017 in Washington, DC. (Photo by Olivier Douliery-Pool/Getty Images)


For all the bad press (and fake news) heaped on US President Trump by the liberal left mainstream media, important fiscal discipline is starting to seep through the massive spending made from deep within the DC swamp.
President Trump has cut more US Federal debt for a longer period of time than any US President in 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.
The Gateway Pundit notes that 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.
The amount of US Debt Held by the Public decreased each year from 1999, 2000 and 2001 but the amount Intergovernmental Debt Holdings increased at larger amounts during this period.
The Treasury website does provide daily amounts of debt outstanding but this reporting only goes back to March 31, 2005. The Treasury does provide monthly amounts outstanding back through September 30, 2001 and annual amounts back through 1997.  The audited financial statement show the increase in US Debt annually from 1997 through 2016.
We know that no President has reduced the amount of US Debt for a longer period of time because no President has reduced the amount of US Debt since 1997.
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.

No comments:

assange



At midday on Friday 5 February, 2016 Julian Assange, John Jones QC, Melinda Taylor, Jennifer Robinson and Baltasar Garzon will be speaking at a press conference at the Frontline Club on the decision made by the UN Working Group on Arbitrary Detention on the Assange case.

xmas





the way we live

MAN


THE ENTIRE 14:02' INTERVIEW IS AVAILABLE AT

RC



info@exopoliticsportugal.com

BJ 2 FEV


http://benjaminfulfordtranslations.blogspot.pt/


UPDATES ON THURSDAY MORNINGS

AT 08:00h UTC


By choosing to educate ourselves and to spread the word, we can and will build a brighter future.

bj


Report 26:01:2015

BRAZILIAN

CHINESE

CROATIAN

CZECK

ENGLISH

FRENCH

GREEK

GERMAN

ITALIAN

JAPANESE

PORTUGUESE

SPANISH

UPDATES ON THURSDAY MORNINGS

AT 08:00 H GMT


BENJAMIN FULFORD -- jan 19





UPDATES ON THURSDAY MORNINGS

AT 08:00 H GMT

PressTV News Videos