National Debt Was $19,947,304,555,212.49 Ten Months Ago… Here’s What It Is Today

President Trump and his administration are working hard to undo the damage Obama did before him.

There were a lot of redundant debts that Trump never continued. Many people left, and Trump just didn’t fill their positions…this will make a difference.

Tax overhaul will complete the job of decreasing the deficit..Less Government, more jobs in Private sector…

According the U.S. Treasury’s direct record, a surprising amount of money has been saved over the course of seven months.

On January 20th, the day Trump was inaugurated, the total debt was $19,947,304,555,212.49.

On July 30th, seven short months later, it’s at $19,844,938,940,351.37.

Overall the debt has decreased by $102,365,614,861.12.

This is like PM Harper before in Canada! When Trudeau the idiot and his gang of Liberals took over, we were going down because the idiot said, hopefully the budget will balance by itself!

Now Canada is going deeper in debt! And the idiot even paid their terrorist criminal Khadr who killed an American for $10M with an apology! Isn’t he truly an idiot playing like Obama! I hope Trump will slap the idiot!

Lower deficit has quite the opposite effect. It causes higher unemployment, not lower.

Unemployment is an indicator that the government is pulling too many resources from the economy, i.e too much tax for the level of spending. The deficit has to be high enough to offset imports and accommodate private savings. This is a math thing, not a matter of opinion.

Trump just found and stopped hundreds of millions going to programs long since expired or of no use, and as he drains the swamp of all this theft and the congress making money, becoming millionaires on kickbacks and overflow, we will see a big difference.

Give ’em time, the swamp is huge. There are some cagey republicans in those muddy waters too.

President Trump has reportedly cut a deal with Congressional Democrats to kick the can down the road on the national debt. The deal – which has infuriated Congressional Republicans – will extend the debt limit for three months (which will become six months after Treasury raids other government funds to allow even more debt). In doing so, they have rubber-stamped budget deficits that are surging back towards $1 trillion, and a national debt that is on a calamitous path to leap from $20 trillion to $92 trillion over the next 30 years.

This deal surrenders what Washington truly needs: a debt limit showdown. Not one that ends in default – but rather combines significant spending reforms with a modest debt limit increase.

Not surprisingly, in Washington, the very idea of placing a statutory limit on the national debt is attracting increased bipartisan criticism as archaic and unnecessary. Critics assert that Congress essentially approves the red ink when it passes the original budget and spending legislation, and that requiring a later vote on whether or not to pay the tab for that legislation is a recipe for chaos and possibly default.

Raising the debt limit without addressing runaway spending is like offering morphine to a cancer patient: it may provide temporary relief but does nothing to cure the underlying disease.