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Old 02-25-2017, 02:27 PM   #4924
opendoor
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Quote:
Originally Posted by MissTeeks View Post






Spoiler!
Actually those numbers are correct. They're completely meaningless for several reasons, but they are correct:

https://www.treasurydirect.gov/NP/de...1&endYear=2017

In fact the debt is now down about $31B since January 20th.

But like I said, they're meaningless. Trump has enacted little to no fiscal policy that would influence the country's debt level and comparing the current situation to what the economy and finances were like in early 2009 is completely disingenuous. If anything the comparison should make Obama look better since this is currently still the fiscal year from his presidency.

But most importantly, small fluctuations in the debt level don't mean anything. The country added $1 trillion in debt last year, yet there are still one month periods where it dropped by $30-40B. The longer term trend is much more indicative and I'm sure we'll never hear about this again once Trump starts adding to the debt load.
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