National debt has fallen 102,000,000 since the President has been in office

[hislegacy]

President Donald Trump and his administration are undoing the government’s rampant spending that occurred under former President Obama’s watch.

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.

And it is even confirmed by Snopes for all you Snope devotees

 

[hislegacy]

Excuse me that is 102,000,000,000. Forgot some zeros in the title.

 

[Mountainmanbob]

That comes as great news thank you Mr. President Trump.

M-Bob

 

[He is Risen 72]

The American People were just fed up with the reckless way Obama ran the United Sates and our economy into the ground. Thank God that the overwhelming majority of us chose a highly respected and high successful business man to lead our Great Nation out of the depths of utter despair and back into the light like the Christian Nation we are. Thank You President Trump!!

 

[tulc]

From the article the OP posted:

. 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.

tulc(thinks this sounds a lot like the tendency President Trump and his friends like to take credit for something that had nothing to do with them)

 

[Mountainmanbob]

From the article the OP posted:

tulc(thinks this sounds a lot like the tendency President Trump and his friends like to take credit for something that had nothing to do with them)

Such a sad outlook.
M-Bob

 

[Brotherly Spirit]

It explains the debt ceiling and economic growth are why. But the Treasury won't be able to indefinitely delay or suspend payments preventing default. Hopefully for the trend to continue, legislative efforts are done to address the budget and growth long term.

Honestly I'm doubtful about the recent tax reform, both adding to the deficit and not much to the economy. Guess all I can do is wait and see it's effects and what else is done. Ideally it all comes around full circle. *crosses fingers*

 

[Hank77]

President Donald Trump and his administration are undoing the government’s rampant spending that occurred under former President Obama’s watch.

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.

And it is even confirmed by Snopes for all you Snope devotees

We had a thread about this last summer didn't we?

 

[variant]

From the article the OP posted:

tulc(thinks this sounds a lot like the tendency President Trump and his friends like to take credit for something that had nothing to do with them)

They definitely wont take credit if their tax cut plunges us in the other direction.

 

[iluvatar5150]

President Donald Trump and his administration are undoing the government’s rampant spending that occurred under former President Obama’s watch.

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.

And it is even confirmed by Snopes for all you Snope devotees

You started a thread about this exact same subject back in November, using the exact same Snopes article as "evidence":

After more than a decade of steady increase, the national Debt is decreasing

We showed you in that thread how the numbers were kinda bogus, because the alleged reduction was nothing more than a temporary pause due to us running up against the debt ceiling. Once the ceiling was raised, surprise surprise, the debt went back up.

So, why did you start another thread on this subject? Did you forget about the old one, or were you hoping that we'd forget and buy your falsehoods this time?

 

[hislegacy]

From the article the OP posted:

tulc(thinks this sounds a lot like the tendency President Trump and his friends like to take credit for something that had nothing to do with them)

Yeah, eight years of it skyrocketing and then a sudden reversal.

 

[iluvatar5150]

Total Public Debt Outstanding has increased by about half a trillion dollars since Trump took office:

Debt to the Penny (Daily History Search Application)

 

[iluvatar5150]

Yeah, eight years of it skyrocketing and then a sudden reversal.

You're wrong and you're repeating claims that have already been debunked.

 

[hislegacy]

You started a thread about this exact same subject back in November,

It was worth repeating

You're wrong and you're repeating claims that have already been debunked.

Even quoted snopes for you. Which verified it as TRUE

Go figure, they are the gold standard when they agree with some and complete garbage when they don’t.

Sort of like Comey

 

[iluvatar5150]

It was worth repeating

Your bogus claims were worth repeating?

Even quoted snopes for you. Which verified it as TRUE

Go figure, they are the gold standard when they agree with some and complete garbage when they don’t.

Sort of like Comey

It was true as of July. In case you haven't looked at a calendar lately, it's now December. The reduction in the debt was temporary and due to the debt ceiling cap. The cap has since been raised and the debt has resumed its climb.

You don't strike me as someone who's incapable of understanding this truth, so I can only conclude that you don't care what's true and will, instead, post whatever you want as long as it makes your side look good (on its face, without any investigating).

Is that about right? Or do you have some other reason for posting things you know aren't true?

 

[Hank77]

It was worth repeating



Even quoted snopes for you. Which verified it as TRUE

Go figure, they are the gold standard when they agree with some and complete garbage when they don’t.

Sort of like Comey

Total National Debt Outstanding on December 22, 2017

12/22/2017 20,492,874,492,282.58
Debt to the Penny (Daily History Search Application)

If you look at Sept. 8, 2017 you will see where it jumped back up to over 20 trillion, more than it was last January 2017.
This is not Trump's fault or anyone's fault. It's takes money to run the country.

If the tax plan does what they say it will, GDP will grow and the national debt will not grow and only decrease.

 

[LivingWordUnity]

Snopes admits that the economy is doing exceptionally well but doesn't want to give President Trump credit for it. I remember when on or before election day, the establishment media predicted that the economy would plummet with a Trump presidency. But then when it did the opposite they reinvented the narrative and began denying or downplaying the influence Trump has on it. If the economy would have gone down the anti-Trumpers would have blamed it on Trump.

 

[JackRT]

President Donald Trump and his administration are undoing the government’s rampant spending that occurred under former President Obama’s watch.

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.

And it is even confirmed by Snopes for all you Snope devotees

At that rate the national debt will be retired in 199 years. Oh wait! Dang! The tax bill will reverse that!

 

[iluvatar5150]

Snopes admits that the economy is doing exceptionally well

Where does the Snopes article admit that?

but doesn't want to give President Trump credit for it.

Because he didn't do anything to cause the growth.

I remember when on or before election day, the establishment media predicted that the economy would plummet with a Trump presidency. But then when it did the opposite they reinvented the narrative and began denying or downplaying the influence Trump has on it. If the economy would have gone down the anti-Trumpers would have blamed it on Trump.

I'll concede that that general arc is accurate, however, on the flop side, it's hard to take pro-Trumpers seriously when, as in the case of the OP, they knowingly push false information, or in the case of your post, they want to give Trump credit for our good economy, but fail to articulate what he's done that would warrant such credit.

 

[LivingWordUnity]

Where does the Snopes article admit that?

In the title and subtitle of their article.

"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...." - Snopes article

I'll concede that that general arc is accurate, however, on the flop side, it's hard to take pro-Trumpers seriously when, as in the case of the OP, they knowingly push false information, or in the case of your post, they want to give Trump credit for our good economy, but fail to articulate what he's done that would warrant such credit.

I give President Trump credit for it because he proved his critics wrong after they predicted that the economy would plummet with him as POTUS.