President Donald Trump has led the biggest decrease of U.S. federal debt in history, cutting $100 billion in the government’s obligations in the seven months since taking office.
The U.S. federal debt, both internal and external, stood at $19,947,304,555,212 when Trump was inaugurated on Jan. 20. That amount is now down to $19,845,188,460,167, a decline of over $100 billion, as of Aug. 17.
Never in the country’s history that the debt has been cut by this much and at such a short time, the Gateway Pundit said.
Previous claims that former President Bill Clinton presided over the reduction in U.S. debt are now being disproved by data from the Treasury Department.
Historians are crediting Clinton for balancing the budget after a Republican-led Congress pushed him to do so. In fact, data from Treasurydirect.gov shows debt actually increased during his time at the White House.
A review of U.S. debt outstanding dating back to the Civil War shows that the last time the debt decreased was during the presidency of Republican Dwight Eisenhower between 1957 and 1958.
The Gateway Pundit reports:
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.)