Monday, August 21, 2017

NO PRESIDENT IN US HISTORY HAS CUT MORE FROM THE US FEDERAL DEBT


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.

From The Gateway Pundit
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.
21US-Debt-Aug-17-2017
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.
21US-Debt-97-to-2016
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.
21Fed-Debt-Outstanding-1997-2016
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.
(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.)

4 comments:

Anonymous said...

While Trump has not fully drained the swamp yet he has clearly cut off their ability to steal and waste tax payer money LOL! No wonder they are so angry and won't stop attacking the Trump administration!

CONCERNED AMERICAN said...

ALERT!!! What happened to our President? Just heard Trump was removed as President????? And now homosexual TRAITOR PAUL RYAN is being said to be the 'president'? The PEOPLE VOTED FOR AND OVERWHELMINGLY PUT PRESIDENT TRUMP IN OFFICE. HE HAS BEEN THE BEST PRESIDENT THIS NATION HAS EVER HAD. WHO HAS THE RIGHT TO REMOVE OUR PRESIDENT WITHOUT THE OVER WHELMING APPROVAL OF THE PEOPLE WHO PUT TRUMP IN OFFICE??? Was it 'The New World Order' known as the 'elitists'? Trump was doing too much damage to their plans and their schedule was way behind. THERE IS AN UNLAWFUL COUP GOING ON IN THE BACKGROUND - A DEMON/SATAN POSSESSED CLONE OF OBAMA COUP. THE 'CABAL' IS NOT DEAD NOR HAVE THEY LEFT THIS PLANET. DON'T CONTINUE TO FALL FOR ALL THE BLATANT LIES. PEOPLE - WAKE UP!! ALL IS NOT WELL IN OUR NATION. THERE ARE SNAKES RISING UP ALL AROUND US - AND THEY HAVE TAKEN OUT OUR PRESIDENT TRUMP. HE WAS WAY TOO SMART FOR THE SNAKES. DON'T COUNT ON EXCHANGING YOUR CURRENCIES FOLKS. OBAMA STATED ON SEVERAL OCCASIONS THAT THE PEOPLE - YOU AND ME - WOULD NEVER GET THE MONEY THROUGH THE GCR/RV WHILE HE WAS IN OFFICE - WELL OBAMA IS IN OFFICE THROUGH PAUL RYAN WHO HAS BEEN WORKING WITH OBAMA BEHIND THE SCENES ALL ALONG AND IS NOW IN THE OFFICE OF PRESIDENT. WISDOM SAYS TO GET PREPARED FOR CIVIL WAR. ARE YOU FULLY PREPARED MENTALLY AND PHYSICALLY FOR THE FIGHT OF YOUR LIFE TO SAVE THIS COUNTRY?

Anonymous said...

Point of inflection attained! Go President Trump. Go! Soon the FED ((European Swiss) Federal Reserve Bank) will end!

Anonymous said...

You are deluding yourself if you think Trump is any different than the rest of the pre-selected, bloodline related presidents. Voting is a waste of effort, candidates are chosen for you, not by you. Like Mark Twain said 'If voting made any difference they wouldn't let us do it.' Political activism in Americas present condition is GOP or Democratic masturbation. Voter fraud was off the charts last election. Did you imagine this to be the first time ? Trump is primarily a successful corporate pimp with a bad hairdo. He was only a marginally better choice than Clinton. Removal of these Khazarian clowns en masse, activating NESARA or pleading with the alleged 'benevolent' aliens remain our best choices, and in that order. Other solutions involve gunpowder. fred