Skip to comments.President Trump [Does] the Impossible: Reduces Debt to GDP Ratio by 1% His 1st Year in Office
Posted on 11/19/2017 4:59:03 PM PST by upchuck
Since his inauguration President Trump has focused his efforts on the security of the country and on the prosperity of its economy. The results of his actions are taking shape.
The US GDP has increased each quarter in 2017 with the 3rd Quarter GDP increasing to $19.496 trillion the highest GDP for any country in world history.
On the other hand, the President has curtailed US spending. The result is that the US Debt to GDP ratio has decreased year to date from 105% to 104%.
No President in more than 50 year years has decreased the Debt to GDP ratio in his first year in office by more than 1%. The last President to do so was Nixon in 1969. Presidents Reagan and George W. Bush decreased the Debt to GDP ratio in their first years in office but by less than 1%. President Obama increased the Debt to GDP ratio his first year in office by 15% and by 37% over his eight years in office.
In related news the Atlanta Fed announced that the 4th Quarter US GDP estimates have increased from 3.2% to 3.4%. This increase in GDP would make the GDP increase for the year near 3%, something that hasnt occurred in more than 10 years.
HOORAY President Donald J. Trump! Thank you, sir.
Literally “All by Himself”
zero help from GOPe
Remember... THE TRUMP is in charge. Good things are happening.
>>zero help from GOPe
This is why they hate him so much. You can’t get an hopeful people in a prosperous economy to beg for our masters to enslave us with communism.
Amen to that!
Hm. This is nearly a meaningless stat unless President Trump is able to make some progress in reducing the national debt. When I see that happening, I will really celebrate the winning.
Note to the President: For the next three years, tell Congress they cannot spend more than the following:
2018: $3.9 trillion
2019: $3.8 trillion
2020: $3.7 trillion
If they come in with a budget of $0.01 more than your limits, do a Ronald Reagan: “This budget is dead on arrival.”
So use your veto pen! (Unlike George Bush.)
and so what is there not to love...MAGA
This is great. Get that out first.
But since under obama it went up 37%, taking it down 1% isnt as great of an achievement than if he took it down 1% and it hadnt risen that additional 37%.
It is still a win, but congext/perspective also adds a more realistic assessment of it.
millions of ordinary people have made a sh**load in the stock market in a few short months.
This is definitely good news.
Go, President Trump!
President Trump has been doing the "impossible" since he announced his candidacy on June 16, 2015.
“Literally All by Himself
zero help from GOPe”
Zero help from the establishment.
THANK YOU,MR. PRESIDENT!
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