After Donald Trump won the 2016 presidential election in what was supposed to be a landslide victory for Hillary Clinton, the leftists began wailing and bemoaning the cataclysmic disaster that was surely to come if Trump was sworn-in as president.
But after two full months under his direction, not only are economic conditions improving, but they are improving at a pace that makes a thoughtful person wonder what all the hype and hysteria was about.
The good news that the mainstream media isn’t reporting about concerns a reduction of the national debt by over $100 billion during President Trump’s first 60 days in office.
Via Gateway Pundit:
On January 20th, the day of President Trump’s Inauguration, the US Debt stood at $19,947 billion. As of March 16th, the most recent date for US debt reporting, the US Debt stands at $19,846 billion. President Trump has cut the US Debt burden by over $100 billion and 0.5% in the first two months since his inauguration!
By comparison, under President Obama, the US Debt burden increased by more than $400 billion after his inauguration through March 19th 2009, his first two months in office. Obama increased the US Debt by 3.9% 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’ was the major piece of legislation 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.
President Trump, after one month in office , had reduced the debt by $12 million. Now after the second month, He’s reduced the debt by more than $100 million.
Most of the anti-Trump rhetoric Liberals have been hand-wringing over has been debunked by now and it’s a matter of waiting for the mainstream media reporting to catch up with current knowledge. Something they seem to be reluctant to do because of the mileage they still hope to gain out of the Trump-hating firestorm they’ve created.
What would the national debt have ballooned to by the end a third Obama term or a Hillary Clinton administration? It’s frightening to consider and thank God we don’t have to find out!
Source: Gateway Pundit