What is Wrong with US Debt Reporting? The Amount has not Materially Changed since March 15th! | Joe Hoft


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What is Wrong with US Debt Reporting? The Amount has not Materially Changed since March 15th!

There is something wrong with the way the US Government is reporting the amount of US Debt.

As of today, President Trump decreased the US Debt since his inauguration by (-$103) Billion.

President Obama on the other hand increased the US debt in his first five months by $918 Billion.

Obama increased the US debt after his inauguration through July 1st by $1 Trillion more than President Trump in the same time period!

However, what is in question is the amount of debt reported since March 15th. The amount of US debt under President Trump decreased by as much as $101 billion between January 20th (the date of President Trump’s inauguration) and March 15th. However, since March 15th through today the amount of US debt has not materially changed. During this entire period the debt stayed the same (within $1 billion) until June 30th when it moved $2 billion lower.

Under President Obama, the amount of US debt stayed the same for long periods at a time when the debt reached levels that were near the US debt limit. The Obama Administration was suspected of ‘cooking the books’ to keep the government running rather than reporting the true amount of the US debt which would have resulted in a constitutional crisis and possible government shutdown. But under Obama the amount of US debt was always going up.

Under President Trump the amount of US debt decreased by $100 billion during his first 2 months in office. This trend stopped on March 15th and the debt amount reported is materially the same amount reported daily since that day.

It appears that ‘deep state’ doesn’t want to report the true amount of debt reduction under President Trump. The current administration’s policies including a government hiring freeze; regulation reductions; immigration reductions; etc all lead to less expenses for the government and thus tax payer savings and debt reductions.

Who really knows what the real amount of US debt is?

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