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US President Trump decreases US Debt by more than $100 Billion

US President Trump decreases US Debt by more than $100 Billion

For all the bad press (and fake news) heaped on US President Trump by the liberal left mainstream media, important fiscal discipline is starting to seep through the massive spending made from deep within the DC swamp.

President Trump has cut more US Federal debt for a longer period of time than any US President in history.

Via 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.

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.

The Gateway Pundit notes that 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.

Via The Gateway Pundit

See Also

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.

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.

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K.P.ShahnaCJ SimonAndy MasakiVera Gottlieb Recent comment authors
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Daisy Adler
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Daisy Adler

A drop in the bucket of $20,000 billion debt.

Popart 2015
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Popart 2015

As soon as NK war starts as soon that debt will skyrocketing!

foxenburg
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foxenburg

You say Trump cut the debt. What did he do to achieve this?

Shahna
Guest

He hasn’t.
Just look at the debt clock.

And check out the unfunded liabilities while you’re there… (WOW)

Seán Murphy
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Seán Murphy

100 billion seems a lot, but off a deficit of nearly 21 trillion it’s not a lot.

Shahna
Guest

Not even a percent – AND the Debt Clock says otherwise.
Fluff for the American sheeple.

Shahna
Guest

No President besides President Donald Trump has cut the amount of US Debt by $100 Billion ever.
—————
How many Tomahawks missiles is that?

Shahna
Guest

You sure someone isn’t pulling your leg?

US debt clock says $19,972,971,XXX,XXX
(Them X’s are changing too fast to call ’em numbers.)

Shahna
Guest

And between that post and this one it went UP by $1 million…..

tiredofthemedialies
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tiredofthemedialies

That’s a tiny ammount. The per-annum interest on the debt is more than that.

Shahna
Guest

Interest is $1 billion PER DAY.

RobertX5
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RobertX5

Is the Duran not aware of the rules pertaining to the debt limit. In Oct 15 the limit was suspended but was to be reintroduced in Much 17 at whatever the debt was, turned out to be a shade under 20 trillion. The treasury announced the introduction of emergency measures to delay default which is expected to keep things going till Nov. At that time if a new limit is not agreed the gov will stop paying certain bills. If a new limit is agreed the debt will lurch upwards as the emergency measures unwind..

Vera Gottlieb
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Vera Gottlieb

How was this accomplished? I know Americans love to fib with their figures when it is a matter of looking good.

Shahna
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Vera Gottlieb
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Vera Gottlieb

Thanks but I still don’t see it. Fibbing with figures…an old trick.

CJ Simon
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CJ Simon

http://www.usdebtclock.org is just a program running on autopilot. It does not reflect the actual debt accurately. If you look at other clocks that update weekly you will see that the current debt is approx. $19,861,737,662,637. The usdebtclock.org is off by almost 115 billion. That makes Trump one of the greatest Presidents fiscally in my lifetime.

Shahna
Guest

Good luck.
The difference between $19.9T and $19.8T seems a little more … academic … to me. BTW. What gives you the idea that that one is more accurate than this one or vice versa?

115 billion …. what’s your military budget again?
So what’s 115B – 6 weeks in Afghanistan?
Time flies.

K.P.
Guest
K.P.

Not even close. You’re thanking the wrong man. It’s courtesy of Obama. However, provide me with proof on your claim and we’ll see.

Shahna
Guest

“As of August 17th the amount of US Debt had decreased by more than $100 Billion to $19,845,188,460,167.”

and in the last four (4) days it climbed up to $19,973,015,599,010…..??
Yah sure.
————————–
Fluff for the sheeple!
Support Trump – he’s bringing down the debt. Just ANOTHER Yankee lie.

Andy Masaki
Guest

It is true that there has been a more than $100 billion decrease in overall debt. So, is it really a credit going to Mr. Trump? Or we the citizen of US should take the credit? For those who don’t know, you can issue a check payable to the Bureau of the Fiscal Service stated as a gift to reduce public debt. Who knows what happened behind the curtains!!

CJ Simon
Guest
CJ Simon

For those of you who keep referring to http://www.usdebtclock.org:
http://www.usdebtclock.org is just a program running on autopilot. It does not reflect the actual debt accurately. If you look at other clocks that update weekly you will see that the current debt is approx. $19,861,737,662,637. The usdebtclock.org is off by almost 115 billion. That makes Trump one of the greatest Presidents fiscally in my lifetime.

K.P.
Guest
K.P.

No it doesn’t. If you keep copying and pasting the same stuff I’m gonna start suspecting you’re a paid troll.

K.P.
Guest
K.P.

I actually researched on this when somebody mentioned it. That decrease is courtesy of President Obama (if you looked you could see Obama decreased the amount each year, something you won’t see on the failing Washington Times, fake Fox “News” or the Gateway Pundit.) Not only can you tell from the chart but Trump didn’t sign any significant piece of legislative until later in the year so how can he get credit for something he didn’t do? Come on now!
However, he has added $1.4 (and growing) trillion to the deficit.

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