(Gateway Pundit) — President Trump held the greatest and largest decrease of US Federal Debt in US history at $100 Billion, before this year, but this is now over. After President Trump was inaugurated on January 20, 2017 that the amount of US Federal Debt owed both externally and internally was over $19 trillion at $19,947,304,555,212. At the last Thursday, December 7th, 2017, the amount of US debt increased this year by $594 billion or 3%.
What the mainstream press (MSM) is not telling you is President Trump’s efforts to reduce the US Debt are hindered by the fact that the debt was double the magnitude of the US debt if Obama took office, which results in double the sum of interest to the debt payable monthly the Trump economy must endure that the Obama economy failed to. This amount is in the billions. Also, Obama gained from reduced interest rates. Throughout the majority of Obama’s duration the US Federal Reserve kept interest rates at near zero. Since President Trump was chosen that the ‘Fed’ has increased prices three times. These raised prices on an greater debt accounts for most of the debt increase since January.
Also, what the MSM won’t tell you is that President Obama raised the US debt by nearly $1.5 trillion at this time throughout his Presidency. After Obama was inaugurated the US Debt stood at $10.6 billion. By December 7th, 2009, President Obama had raised the US Lending to over $12 billion. This was an increase of $1.459 billion or 13.7 percent.
The gap between Labour Trump and Obama is that President Obama raised the US Lending by $865 Billion or nearly $1 Trillion more than President Trump throughout their respective eleven weeks in office. Obama’s first year was admittedly his worst but his average yearly increase in US debt during his period in office was almost $1.2 trillion a year. President Trump’s debt increase remains only a fraction of Obama’s.
Let’s face it. Democrats do not give a damn about the amount of US debt. They showed this during the Obama years. Together with being for tax gains, they’re also for massive debt increases.
thegatewaypundit.com/2017/12/president-trumps-us-debt-is-a-third-of-obamas-debt-and-most-new-debt-is-due-to-yellens-increased-interest-rates/
The post Trump’s First Year Debt Is One-Third Of Obama’s Debt And the Majority of The Debt Is Because Of Yellen’s Interest Rate Increases appeared on Tea Party.
source http://www.nwsuburban-bankruptcy.com/trumps-first-year-debt-is-one-third-of-obamas-debt-and-the-majority-of-the-debt-is-due-to-yellens-interest-rate-increases/
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