In contrast to career politicians, President Trump, as a businessperson, has succeeded by deploying financial assets in ways that generate the most profits. Reckless spending destroys businesses, so he has had to learn how to get results for the expenses his businesses have incurred.
Politicians, on the other hand, especially those on the left, succeed by maximizing the outflow of money since that’s what brings in the votes. Since the federal government can increase taxes or simply increase the deficit, they don’t worry too much about where the money is going to come from.
As President Trump seeks to get control over a government that wastes money in amounts so large we cannot even imagine, he’s going to upset an awful lot of people. Instead, Americans should draw encouragement that perhaps their futures will not be so bleak with some fiscal responsibility now in place in the White House. This latest statistic should thrill all Americans.
President Trump has already cut the national debt. “On January 20th, the day of the Trump Inauguration, the US Debt stood at $19,947 billion. On February 21st, a month later, the US Debt load stood at $19,935 billion. Trump cut the US Debt burden by $12 billion and 0.1% in his first month in office!”
The media has not reported that the National Debt in my first month went down by $12 billion vs a $200 billion increase in Obama first mo.
— Donald J. Trump (@realDonaldTrump) February 25, 2017
One-tenth of one-percent might not seem like much of a cut, but just stopping the growth of the government debt is an accomplishment. And when compared to Mr. Obama’s so-called “accomplishments,” the difference is staggering.
For example, “[b]y comparison, under President Obama, the US Debt burden increased by more than $200 billion in his first month in office. Obama increased the US Debt by 2% in his first month 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.”
In comparison to the Obama administration, that 0.1 percent reduction in the national debt accomplished by President Trump looks rather impressive. Tragically, Mr. Obama doubled the debt burden that we and our progeny will have to bear, and we have nothing to show for that.
Mr. Obama claimed that he would have liked to have another term, if only the Constitution would have allowed it. We can be thankful he is out of office. After all, anyone should be able to realize that there are just so many times you can double a nation’s, a company’s, or a family’s debt load before things just collapse. Fortunately, with Obama gone and President Trump on the job, we won’t have to test that theory.
Source: Gateway Pundit