Whether on not you Like Donald Trump or former president Barack Obama, one fact will forever remain true. Under Barack Obama, the total national debt did, in fact, nearly double.
When Obama took office in January 2009, the total national debt was $10,626,877,048,913.08. By the end of his first month in office, the total national debt was $10,838,758,414,164.46. That is an increase of over $200 million. This trend continued throughout his presidency and ended with adding more than $9 trillion to the national debt in eight years. Some economists speculate that a small amount of that was due to economic decisions by the Bush administration, but agree that the bulk of it was due to decisions made by either Obama himself or others in congress during his administration. I’m sure the $2 billion (plus) that the Obamacare website cost, didn’t help anything.
So what of president Donald Trump? How do his numbers stack up in his first month?
Well, according to treasurydirect.gov, in the first month of Trump’s presidency, the total national debt had actually gone down by $12 billion. On January 20th, the national debt stood at $19,947,304,555,212.49. On February 20th, 2017, the debt was at $19,935,316,186,835.78.
Could this be a foreshadowing of a new trend? Maybe, maybe not. The point of this article is not to claim that Trump’s presidency will be the end of the national debt. While these are the facts, it’s honestly too early to say whether or not this is due to any of Trump’s policies, but it’s certainly a good sign.