It's Now Official - No President in US History has Cut More from the US Federal Debt for a Longer Period of Time than President Donald J. Trump.

President Trump now can claim the longest and largest decrease of US Federal Debt in US history.

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.

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.

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.

(Note that this will not be shared by CNN, the Failing NYT or the Washington Post as they are too busy reporting on former President Obama's race war.)

http://www.thegatewaypundit.com/2017/08/another-record-president-trump-cuts-more-us-debt-for-a-longer-period-of-time-than-any-president-in-us-history/

Moe, not sure if you can get it online but I've just watched an interview on sophie and Co, RT London news channel. it's with reagan's adviser. she is she comes across as fair and says to give trump a chance!
Hope you can get it!

most all the "fair" people say that, it's the stupid libs that can't let go...

Sure, it's what she said about the Russians, I remember when thatcher and Reagan worked together

I'll reserve judgment until I see a bit more about this. I've had 64 years of politicians claiming to have saved all kinds of money, only to learn soon after that they were gaming the statistics in all sorts of ways.

And especially since Trump has yet to have submitted a budget, OR had any significant legislation on spending passed, any claim that he "reduced the deficit" by so much as a PENNY is just talk.

I did see that Trump has already spent WAY MORE of the taxpayers money than any President before, on Secret Service protection, such that they are going to run out of funds before the end of the year. Don't know if your guys figured that in.

https://www.washingtonpost.com/politics/secret-service-says-it-will-run-out-of-money-to-protect-trump-and-his-family-sept-30/2017/08/21/93d30132-868c-11e7-961d-2f373b3977ee_story.html?utm_term=.f2ab208f33d5

And Trump is apparently poised to ratchet up spending on Afghanistan again. War is hugely expensive. It has cost the US up to a billion dollars a DAY, so if Trump does decide to increase spending there again, your vaunted 100 billion "savings" will be gone in a wink of an eye.

Trump may break the record for making his own "savings" disappear faster than anyone before, as well.

well, except that his budget wasn't SUBMITTED until the end of May, making a comparison to january not relevant,,,

good for him,

but there is more to life than the debt, alot of MESSED UP COUNTRIES have much less debt, and also much less 'freedoms' and human rights,,,

I can't wait until Bannon starts his TV channel. At least this president will receive fair and balanced coverage so Americans can actually be informed about what's really going on in their government and not be sidetracked by unfounded, wishful and illusory reports on some conspiracy about Puttin being Trump's daddy

i heard putin and trump are going to have a polar bear wrestling match...whoever wins gets to tell the world about UFO's being real...

Abracadabra hocus pocus

I hear Puttin and Trump will exchange wives for a month and compare notes

damn... that would be a win - win...

putins latest, just had a baby...

Russia, Russia, Russia!

They do have real hot ladies in that country.

Shes very young for rasputin. Then again...its good to be king of Russia!!!

I'm sure she chose him.

Trump breaks the record for being stupid *** man on planet Earth asthma

i think dan quale and joe biden are amongst the finalists in that category..

they picked them for a reason, for safety... no one wanted them as a president, so bush and obarry found they dumbest guys as a VP to keep from getting assassinated..

I think Biden was far from Dumb

just another 'stir them up' guy who had little vocal filter,,,,

Sorry but I have to chuckle. I have been here since 07b before Obama. Was here when he was elected. I am seeing the same thing said for and against Obama as tlnow with Trump. Same story, different players

with the exception that the trump haters aren't racists like everyone that disliked obarry was..