A Much-Needed Accomplishment

The Gateway Pundit reported today that President Trump has cut the federal debt. He has not only cut the federal debt, he has cut more from the U.S. Federal debt for a longer period of time than any other President in United States history.

The article reports:

When President Trump was inaugurated on January 20, 2017 the amount of US Federal Debt owed both externally and internally was over $19 Trillion at $19,947,304,555,212.  As of August 17th the amount of US Debt had decreased by more than $100 Billion to $19,845,188,460,167.

The article points out that the US Government Accountability Office (GAO) has performed audits since 1997 of the US Debt amounts outstanding.  In their analysis they show that when accounting for US Debt Held by the Public and US Intergovernmental Debt Holdings, the amount of US Debt has increased every year since their audits began.

This is the chart of that debt history shown in the article:

The debt nearly doubled under President Obama. It is long past time to bring government spending under control.