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 wonder the 'Deep State' is frantic. Trump has them on a diet, having cut their allowance.
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.
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.
Sunday, August 20, 2017
Fun Factoids
Jim Hoff at The Gateway Pundit reports two fun factoids, which he mined from the U.S. Treasury's TreasuryDirect website.