Despite Headwinds from the FED – Trump Crushes Obama in First Year Debt Totals

Published by: Gateway Pundit

Authored by: Joe Hoft

In spite of the fact that President Trump took over with nearly $20 trillion of debt and the related interest payments on the debt, and in spite of the Federal Reserve (FED) under Janet Yellen increasing interest rates by a full 1 percent since the election, President Donald Trump’s first year debt is $1.1 trillion less than Obama’s.

The US Debt since President Trump was inaugurated on January 20th through the end of the year increased by only $546 billion.  On inauguration day the debt was at $19.9 trillion and on December 28th, 2017 the debt stood at $20.5 trillion. The US Debt has risen by $564 billion since President Trump’s inauguration on January 20, 2017.

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(December 30, 2017)

Link: http://www.thegatewaypundit.com/2017/12/in-spite-of-headwinds-from-obamas-debt-and-the-fed-trumps-1st-year-debt-1-1-trillion-less-than-obamas/

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