Snopes admitted (grudgingly) that the national debt HAS been reduced by $102 BILLION since POTUS was inaugurated
Has the National Debt Fallen by $102 Billion Since Donald Trump's Inauguration?
A conservative web site accurately describes a remarkable decline in the debt since January 2017, but offers no evidence that the President is responsible for it.
Conclusion
The Truth Division article accurately describes the extent to which the national debt fell between the inauguration of Donald Trump in January 2017, and the end of July. And it rightly describes this fall as “surprising”, since it ranks among the very largest 131-day declines in the national debt since July 1993 – both in absolute and percentage terms.
Similarly, the decline in both components of the national debt – public debt and intragovernmental holdings – was highly significant between 20 January and 27 July 2017, both in absolute and percentage terms.
And as we’ve shown, the national debt has fallen by an estimated 2.25% since Inauguration Day, even when measured against the size of the overall Unites States economy.
Whether or not any actions or decisions made by Donald Trump have caused or contributed to these historically remarkable declines in the debt, is a question that goes beyond the scope of this particular fact check.
You can download a spreadsheet containing all the data relevant to this article here.
Comment
-
Comment by Parrhesia on August 27, 2017 at 11:01pm
-
Of course Donald Trump had nothing to do with the decline, but in all fairness they never said Barry was responsible for the unbelievable increase when he was in office.
-
Comment by Less Prone on August 27, 2017 at 9:31pm
-
The usury cabal must be furious.
"Destroying the New World Order"
THANK YOU FOR SUPPORTING THE SITE!
Latest Activity
- Top News
- Everything
What Emotion Do all Election and Other Causes Depend Upon? Hatred
All propagandists, election campaign strategists, PR specialists, social engineers, and even…See More
WW3 is days away!!! Project Blue beam is about to happen = NASA project = 3 rockets April 8th into the Eclipse.
U.S. Prepares for a Massive attack on Iran and many Nations today in the News.…See More
! FBI's McCabe intentionally held off investigation of newly discovered Clinton emails found on Wiener's computer until after the election
Modal Trigger Justice Department investigating McCabe’s handling of Clinton email probe Chris Wray…See More
Letter from a small Company that was declined disaster relief due to the COVID-19 from the Small Business Administration
To Whom it may concern,I have been running a business in the red with Insurance cost, driving…See More
Major Players Behind the SS LIBERTY
What now? These things are not even being hidden anymore.MOSSAD Eyes and Ears, Mathilde Krim, LBJ…See More
Prince - Cinnamon Girl (Official Music Video)
"Cinnamon Girl" from 'Musicology' (2004)☔️ Listen to more Prince here https://lnk.to/PrinceStream📺 Watch all the official Prince videos here http://bit.ly/P...
© 2024 Created by truth.
Powered by
You need to be a member of 12160 Social Network to add comments!
Join 12160 Social Network