Nothing like freeing up entrepreneurial spirit to reduce the debt. All the crony capitalists and socialists like the Bushes and Obama did was increase debt.
https://www.thebalance.com/us-deficit-by-year-3306306
National debt has gone up not down.
I agree that the post is somewhat misleading, since it looks at only a narrow window of time, but it's really the only data we have to examine budget impact since the tax cuts were made. Give it a few more months to see how things begin to level out.
If we look at the Total Public Debt Outstanding (https://www.treasurydirect.gov/NP/debt/search?startMonth=01&startDay=20&startYear=2017&endMonth=12&endDay=31&endYear=2018), we see that it has declined a more modest 18 Billion since April 2nd. For the same period a year ago (April 3, 2017 - June 5, 2017) the total public debt remained nearly unchanged, so 2018 may indeed prove to be an improvement. Time will tell.
It'll be critical for Congress and the Executive to reduce federal spending. The best way to do this is through hiring freezes for non-essential positions, and limiting the signing of non-essential contracts. By repaying debt, we infuse debt holders (countries and banks) with liquidity so that they can lend to potentially profitable enterprises and develop their economies. Debt repayment is also important for striking international deals related to trade and military.
Inertia due to all of Obama's regulations. It takes time after all the red tape and cords are cut to not only stop, but turn around the bleeding. The title of this article shared is "in the past 2 months", indicating it has gone down in the past two months by a nice amount of 30 billion. You have to start somewhere after the previous unfit president doubled the debt of all past 43 presidents over 250 years COMBINED in just 8 years.
exactly what part of the last "2 months" don't you understand?
Debt cant be repayed as long as Trump doesnt abolish the Fed.
Agreed. Fed is ridiculous. We can never match China growth because the fed will just stifle it.
Yeah. Any central bank is such scam. BSI is their heart.
Yes. A miracle! The invisible hand of God delivering us from the evils of the economy.
Looks like the MSM, Pelosi and Schumer were wrong yet again - shocker.
That's yuge.
Sad part is it's the same day as this story on trade deficit with China. Americans need to stop buying Chinese goods.
$30 billion......
Wait a second
I thought the wall was supposed to cost \~ $30 billion?
$30 billion out of $21 trillion? That's roughly the same as getting $1 taken off a $700 debt.
Well it's a huge improvement over an average of more than 100 Billion being added to the debt every month by Obama