Posted on 02/25/2017 4:16:53 PM PST by Rufus Shinra
President Trump has done what has seemed like an impossible task for recent administrations, and that is to actually curb government spending and reduce the national debt by $12 Billion during his first month in office.
Trump announced his achievement of reducing the national debt by sending out a tweet, which quickly caused the media to scramble for stories that could diminish this financial victory.
The day before Trump was sworn into office, January 20, 2017, the national debt was $19,947 billion. A month later on February 21, 2017, the US debt was reduced to $19,935 billion, a decrease of roughly $12 billion. Although the number doesn't look like it's moved that much, when you're dealing in the trillions of dollars a few billion or so can seem like a deceptively low amount.
The following chart comes directly from the Treasury Department's "Treasury Direct" website, which is run by the U.S. Department of the Treasury Bureau of the Fiscal Service, and with a date range of January 23, 2017 to February 23, 2017.
As the above chart indicates, the national debt started decreasing only days after Donald Trump took office in the end of January. The $19,935 billion total comes from the date of 2/21/17, but you can see as of 2/23/17 the debt is actually lower and is now at $19,913 billion.
Compared to the Obama administration's handling of the national debt, any decrease is a welcome achievement.
The typical mainstream media suspects were quick to diminish Trump's announcement on reducing the national debt, which is extraordinary given that the nation's deficit had nearly doubled under Obama's administration. During the 8 years that Barack Obama managed the country, the national debt increased from $10.6 trillion to $19.7 trillion as of October of last year.
Needless to say, the media couldn't possible remain silent while the president takes credit for his achievements, as they released a slew of attack articles on Trump's tweet.
The usual publications, such as the New York Times and Washington Post where you would struggle to find a single positive article about Trump, published headlines maligning Trump like "National Debt Dips. Trump Crows. Well, Sure, but …" and "Trump is upset the media is not reporting a meaningless statistic about the national debt".
To many Americans worried about the burden that the national debt places on their children and grandchildren, the deficit is hardly a "meaningless statistic", as the Washington Post described it.
The Business Insider also chimed in with the headline "Trump tweets wildly misleading comparison of the national debt in his first month to Obama's". Considering Obama added more debt to the country than any other president before him, I'd say any decrease is an exceptional story to report.
Even the publication Teen Vogue, which really has no place reporting on politics, released a story in attempt to malign Trump's statement titled "Donald Trump Falsely Takes Credit For Decrease In National Debt".
Besides the fact that the national debt has decreased significantly for the first time in quite a while, the media's reaction to Trump's tweet shows a level of aggression, opposition and hatred for a president whose policies revolve around the positive slogan "Make America Great Again".
So how can the media be baffled as to why Trump said, "fake media is the enemy of the American people", and they are referred to as the "opposition party" by conservatives? When their main objective seems to be destroying the current administration, rather than reporting real news and letting the country decide on how to interpret it, is it any wonder that American's trust in the media sank to new lows in 2016, with only 32% saying they have a "great deal" of faith in the validity of their reports.
Trump Roller Graphic By FReeper Smoothsailing.
May He Rest In Peace
More money collected from capital gains taxes due to rising stock market?
Since it’s been a little over month since he’s taken office, we will have to see whether this is Trump’s doing, or something that was building before he took office.
Hopefully, this will become a trend that he can take credit for.
The debt will be paid off in less than 1,400 years at that rate.
I mean less than 140 years. Slipped a decimal place, oops.
That just might be it.
The economy doesn’t wait until to react, it anticipates.
The economy anticipated Obama winning and tanked, marring 7 1/2 years of success by W.
The economy anticipated the impact Trump would have and turned around abruptly after his surprise victory, somewhat obscuring the utter failure of the Obama years.
I sincerely hope it is a trend that holds true in the long haul.
Isn’t there a typo in this article? Isn’t the national debt 19 trillion, not 19 billion?
Hey Rufus, those are Trillions, not Billions.
That’s a whole lot faster than under Hillary.
The day before Trump was sworn into office, January 20, 2017, the national debt was $19,947 billion. A month later on February 21, 2017, the US debt was reduced to $19,935 billion,
Hey Rufus, those are Trillions, not Billions.
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A thousand billion IS a trillion! Geeezzzzzzzzzz....
These numbers normally bounce around a little bit (if you’re willing to call $10-20B little) and there are always relatively flat spots that go on for many weeks and then a fairly big spike comes in. So this short-term story is meaningless. If the story had been written on 02/15/2017, it would have read: “Trump increases national debt by $51 billion in one week!”
True. Any number of years is faster than never.
Oops.
http://www.cnbc.com/2015/10/09/this-is-what-trumps-border-wall-could-cost-us.html
On Thursday, Senate leader Mitch McConnell, R-Ky, said Congress will follow through on Trump’s border wall order, and McConnell estimated it will cost . . . $12 billion . . .
Coincidence?
WOOOOHOOOOO President Trump!!! Thank you, sir.
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