The National Debt Falls By $102 Billion Since Donald Trump's Inauguration

[gwb-trading]

Has the National Debt Fallen by $102 Billion Since Donald Trump's Inauguration?
http://www.snopes.com/national-debt-trump/

The national debt saw a "surprising" decline of $102 billion between 20 January and 27 July 2017.

On 30 July 2017, the conservative Truth Division web site reported that the United States’ national debt had fallen to a “surprising” extent in the seven months since the inauguration of President Donald Trump:

President Donald Trump and his administration are undoing the government’s rampant spending that occurred under former President Obama’s watch.

According the U.S. Treasury’s direct record, a surprising amount of money has been saved over the course of seven months. On January 20th, the day Trump was inaugurated, the total debt was $19,947,304,555,212.49. On July 30th, seven short months later, it’s at $19,844,938,940,351.37. Overall the debt has decreased by $102,365,614,861.12.

We have checked these numbers and set them in context, and found that the national debt did indeed fall by $102 billion between 20 January and the end of July 2017. This decline is also historically remarkable, in both absolute and percentage terms. This six-month fall in the national debt is also significant when measured against the size of the overall economy.

(More at above url)

 

[exGOPer]

Whether or not any actions or decisions made by Donald Trump have caused or contributed to these historically remarkable declines in the debt is a question that goes beyond the scope of this particular fact check.

Also

"Considering that Trump hasn’t enacted any fiscal legislation, it’s a bit of a stretch for him to take credit for any changes in debt levels," Dan Mitchell, a libertarian economist and senior fellow at the Cato Institute, told us.

"Debt levels go up and down in the short run based on independent factors such as quarterly tax payments and predetermined expenditure patterns," he said.

http://www.politifact.com/truth-o-m...nald-trumps-tweet-about-decline-national-deb/

 

[gwb-trading]

Did the national debt go down at any point in Obama's tenure in office?

 

[exGOPer]

Did the national debt go down at any point in Obama's tenure in office?

Deficits did, that's all that a President has little control over.

 

[Tony Stark]

 

[Tony Stark]

Once they end the debt ceiling accounting gimmicks that 102 billion will have to be paid.

 

[Slartibartfast]

Why are they called "right" when they are rarely right, just because they believe they are anyway no matter what?

The original "fair and balanced" trick?

95 times out of 100 they are way to way off and when smacked on the nose that is it, no comeback, no honest apology for wasting people's time and the wheel turns. Idiot terminators.

For goodness sake, one guy quoted Infowars this morning ("I am a performance artist" Jones). Are they really ALL this bad/dishonest or is it just the ET guys are extra special idiots?

 

[Spike Trader]

Don't know where they got their figures from but it's showing as:


$19,974,515,550,000

http://www.usdebtclock.org/

 

[Tony Stark]

Don't know where they got their figures from but it's showing as:


$19,974,515,550,000

http://www.usdebtclock.org/

Debt ceiling budget/accounting gimmicks.Its going to keep going up and down until the debt ceiling is raised.Most people know Trump didn't do anything to lower the debt but his supporters are desperately searching for accomplishments.

 

[gwb-trading]

Debt ceiling budget/accounting gimmicks.Its going to keep going up and down until the debt ceiling is raised.Most people know Trump didn't do anything to lower the debt but his supporters are desperately searching for accomplishments.

Well left-leaning Snopes states the claim is true. The actual national debt has fallen by $102 Billion. That's the bottom line. Hard to argue with the direct math.