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.
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There’s gotta be a lot of pent up demand after this long depression.
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.
YUP! President Trump has upset the Establishment apple cart, hasn’t he?
He has:
Broken their rice bowl;
Hidden their Cheese;
Exposed their scam;
AND their con no longer works!
heh heh
There are Budget numbers.
There are Appropriation numbers. Many big appropriations are Off Budget, which makes the Budget numbers meaningless.
There are government spending numbers. Some agencies actually spend more than is appropriated, which is unconstitutional but happens. Some agencies actually spend less than appropriated and/or less than budgeted. Note how these agencies go on a mass spending spree in September of each year so they are not left with a surplus, which is a sign of embarrassment and incompetence within the bureaucracy and not the path to promotion.
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